Euler Hermes Group (Paris, France):

L. Subran, Chief Economist, e-mail: antje.stephan@eulerhermes.com

The article is presented by Euler Hermes insurance company, the leading credit insurance organization. It inaugurates the current market analysis and reveals the ongoing situation with British economy based on the EU referendum about Brexit. British economy seems to be rather stable and it hides thereby the long-term consequences of Brexit that brake GDP growth. Profitability of the companies is subjected to the most strong pressure. In addition, paying conditions are worsening and danger of bankruptcies is serious.