Country Risk Tier
AMB C
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October 26, 2012
Our Insight, Your Advantage.
United States
Country Risk Tier
CRT-1
• The Country Risk Tier (CRT) reflects A.M. Best’s assessment of three categories of risk: Economic, Political and Financial System Risk. • The United States is a CRT-1 country with very low levels of economic, political and financial system risk. The United States experienced its worst financial crisis since the Great Depression from December 2007 to June 2009. • The U.S. gross domestic product (GDP) contracted by over 3% in 2009 and the unemployment rate hit double digits. While strong policy action has been taken, both monetary and fiscal, the recovery has been fragile and modest with growth rates between 1% and 2%.
Very High
Economic Risk
Moderate Low High
Very Low
Political Risk
Moderate Low High
• Economic performance in the region over the course of 2008 and 2009 echoes that of the United States, due to decreased tourism revenues, slumping financial services sectors, and sharp reduction in overseas remittances. The region grew modestly in 2010 and is experiencing a weak recovery into 2013.
Very Low
Very High
Financial System Risk
Moderate Low High
Very Low
Very High
For information on companies followed Market Outlooks
CRT 1
Copyright © 2012 by A.M. Best Company, Inc.
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All rights reserved. No part of this report may be reproduced, stored in a retrieval system or transmitted in any form or by any means; electronic, mechanical, photocopying, recording or otherwise.
AMB Country Risk Report
United States
Regional Summary: North America
• The North America region is dominated by the United States of America, which accounts for USD $15 trillion of the total USD $18 trillion in economic activity. • The United States experienced its worst recession in the post World War II era from December 2007 to June 2009 in the wake of the financial crisis as the
R
R
October 26, 2012
Our Insight, Your Advantage.
United States
Country Risk Tier
CRT-1
• The Country Risk Tier (CRT) reflects A.M. Best’s assessment of three categories of risk: Economic, Political and Financial System Risk. • The United States is a CRT-1 country with very low levels of economic, political and financial system risk. The United States experienced its worst financial crisis since the Great Depression from December 2007 to June 2009. • The U.S. gross domestic product (GDP) contracted by over 3% in 2009 and the unemployment rate hit double digits. While strong policy action has been taken, both monetary and fiscal, the recovery has been fragile and modest with growth rates between 1% and 2%.
Very High
Economic Risk
Moderate Low High
Very Low
Political Risk
Moderate Low High
• Economic performance in the region over the course of 2008 and 2009 echoes that of the United States, due to decreased tourism revenues, slumping financial services sectors, and sharp reduction in overseas remittances. The region grew modestly in 2010 and is experiencing a weak recovery into 2013.
Very Low
Very High
Financial System Risk
Moderate Low High
Very Low
Very High
For information on companies followed Market Outlooks
CRT 1
Copyright © 2012 by A.M. Best Company, Inc.
2
3 4 5
1
All rights reserved. No part of this report may be reproduced, stored in a retrieval system or transmitted in any form or by any means; electronic, mechanical, photocopying, recording or otherwise.
AMB Country Risk Report
United States
Regional Summary: North America
• The North America region is dominated by the United States of America, which accounts for USD $15 trillion of the total USD $18 trillion in economic activity. • The United States experienced its worst recession in the post World War II era from December 2007 to June 2009 in the wake of the financial crisis as the