Coface科法斯：2023年第三季度国家和部门风险晴雨表：微观经济恶化考验宏观经济（英文版）

Over and above the risks that have already been mentioned many times, some of which continue to intensify (financial stability, social and political risks), we should bear in mind that the fight against inflation has not yet been won: excluding energy, inflation remains well above the targets set by central banks, while the situation on the oil market has (again) became tense following the attacks in Israel. All the leading indicators point to a sharp slowdown in activity in North America and