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The eurozone is still struggling and Africa is suffering with high food prices but the number of tourists coming to Australia is growing and the credit rating of some Asian countries is rising, according to EFIC's latest newsletter.

Coface has held its 16th Country Risk Conference with the focus being on the current crisis in the Euro zone.

Eight developed countries have been removed from positive watch by Coface after the deterioration of the average strength of companies in Europe and the United States over the past year.

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