Euler Hermes, the world's leading trade credit insurer, has issued an assessment of the progress the world has made a decade on from the onset of the Global Financial Crisis (GFC). 'After one of the most tumultuous decades in both living memory and by any historical measure, we are seeing overall global stability and economic recovery finally beginning to gather steam,' said Ludovic Subran, chief economist at Euler Hermes.
'Many lessons have been learned since August 2007 and, even during the darkest hours of the GFC, there's been much that world leaders have done well. At the same time, 1 whole years on from the onset of the crisis, there's much still to be done to ensure that the world economy continues its upward trajectory and to ensure we're fully prepared to weather any future shocks,' added Subran.
Allianz SE published this content on 14 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 August 2017 10:21:03 UTC.