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As the economy slowly loses traction, the risk of payment defaults is spiking at the rate last recorded in 2009.
The Global Economic Conditions Survey (produced by the Association of Chartered Certified Accountants) revealed that global firms remained gloomy about their prospects in 4Q15.
Last month’s BankservAfrica Economic Transactions Index (BETI) shows that February was a good month for the economy, but is likely to be an exception in an expected overall downward trend.
The RMB/BER Business Confidence Index (BCI) was unchanged at 36 in the first quarter of 2016. This means that around two thirds of the 1750 respondents surveyed remained unsatisfied with business conditions early in the year.
The strongest deterrent against FSP compliance missteps is or should be: