Growth: A giant with feet of clay - 10 industry short stories expose macroeconomic fragility

World GDP growth is finally gaining traction (+2.7% in 2014), allowing for a more favorable sector outlook (34 industries with better risk ratings in Q2). However, the pace of the recovery is modest, below +3% for the third year in a row, and it remains unevenly distributed.

This limited recovery makes it complicated for several businesses to grow their topline as they face fiercer price competition. In addition, changes of business models and more complex risks (political, monetary, change, nonpayment) continue to expose vulnerable microeconomic foundations.