Atradius Country Report: United States -- March 2011

Atradius’ country overviews provide short, concise information on large Western economies´ economic performance and insolvency development and on main emerging markets´ current political and economical situation and outlook.

 

The outlook for the US-business insolvencies decrease 10% in 2011, but private bankruptcies continue to rise.

 

General situation and outlook

Business failures are expected to decrease 10% year-on-year in 2011, to 51,700 cases. However, this is still far higher than pre-crisis levels (2007: 28,100 cases) and, despite improvements in the last 18 months, listed U.S. companies face significantly higher default risks than in previous years.

 

After 2.8% growth in 2010, growth of between 3.0% and 3.2% is forecast for this year. Nevertheless, a comprehensive rebound in private consumption is far from certain, and this casts some doubts on the resilience of the U.S.’s economic turnaround, as household spending accounts for 70% of GDP.
 

General Information

Capital - Washington D.C.
Population - 307.4 million

Main import sources (2009)

  • China - 19.0%  
  • Canada - 14.4%
  • Mexico - 11.3% 
  • Japan - 6.2%
  • Germany - 4.6%

 

Main export markets (2009)

  • Canada - 19.4%
  • Mexico - 12.2%
  • China - 6.6%
  • Japan - 4.8%
  • UK - 4.3%

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