EDC has adjusted its focus and solutions to reflect the challenges facing Canadian exporters during the COVID-19 pandemic. To learn more, click here

With the recent launch of the $65-billion federal Business Credit Availability Program (BCAP), we’ve adjusted our focus and flexibility to help Canadian companies challenged by the pandemic. For COVID-related queries and answers to your exporting questions, please visit our Export Help Hub. For timely economic insights, check out our Global Economic Outlook and get the latest news on the Canada-United States-Mexico Agreement. 

EDC’s Country Risk Quarterly, an interactive tool, offers timely information on 50 countries and allows you to stay on top of country risk, including leveraging high-frequency data such as fluctuations in the stock market, exchange rates and bond spreads.



Top 4 country risk findings:

1. Two-speed recovery taking shape. We’re starting to see some countries, in particular developed markets which have seen their economies reopen, have better short-term risk ratings and outlooks. However, for many emerging markets, vaccination rates remain low and restrictions prolong recovery.

2. Sovereign debt continues to drag down many countries where government spending is a key driver of the economy. While multilateral support and bilateral debt service relief have been crucial for many countries, several frontier markets continue to face challenges, including high commodity prices. This is occurring as expectations of higher U.S. interest rates could lead to a sharp tightening of global financial conditions and significant capital outflows from weaker emerging economies.

3. Political risks remain elevated. This is more evident in the risk of political violence. No one event explains this increase in risk, however, issues such as growing income inequality and governance/corruption underpin this trend that’s playing out across the world. This past quarter saw tensions rising in the Taiwan Strait, a civil war taking root in Ethiopia and a flareup in unrest in Israel, to name a few countries.

4. K-shaped recovery. The economic recovery is poised to be slow and uneven, with some sectors—agriculture, consumer goods, forestry and chemicals—expected to outperform others.



Discover more valuable insights

Tourism hit hard in developing world

COVID-19

Many emerging countries, which are heavily dependent on tourism, lack ample COVID-19 vaccine supplies.

Protesters march against government

Political unrest

As many countries face health and economic issues, protests against government actions are on the rise.

Globe rests in woman’s hand

Debt forgiveness

Many developing countries are negotiating immediate debt relief from international creditors such as the International Monetary Fund to give them financial support.


 

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