Coface科法斯：2025年国家和行业风险晴雨表：进入野外（英文版）

What wil 2025 look like? This is the difficult question we will attempt to answer in our firstbarometer ofthe year. Despite the fact that last year's election uncertainties have (partiallydissipated, the horizon has not yet cleared, and risks have rarely loomed so large. As the worldcontinues to fragment - even within blocs of countries that were once aligned - there is noshortage of (geo)economic and financial risks in a year that should also provide its fair share ofsurprises. First and