The wave of new US tariffs has dramatically dampened the mood among exporters, with 42 per cent of firms surveyed worldwide now expecting a 2-10 -per cent drop in revenues, a study by Allianz Trade found.
Positive export forecasts with expected revenue rises have more than halved, falling to 40 per cent.
Nearly half expect a rising risk of payment defaults—especially in the US, Italy and the UK.
Positive export forecasts with expected revenue rises have more than halved, falling to 40 per cent.
Nearly half expect a rising risk of payment defaults—especially in the US, Italy and the UK.
