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In this video, Alexis Garatti, Head of Economic Research at Euler Hermes, explains how the Covid-19 outbreak will impact economic growth in 2020.
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Taiwan’s real economic growth is set to slow to +2% y/y in 2019 (after +2.6% in 2018). Exports are projected to grow at a slower pace due to weaker growth in global demand, continued tensions between China and the US and an inventory adjustment for semi-conductors. Domestic demand growth will be the main driver of economic growth.  

Policies: keeping growth stable while creating new drivers

Taiwan’s public finances are healthy by international standards. Government debt will likely be at 33% GDP in 2019. The 2019 budget is expansionary, with planned spending up +2.8% y/y. This will bring expenditures to a record TWD2.022tn in 2019 (c. 11% of GDP). The main focus will be infrastructure, social welfare and internet development.


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Our aim is to help businesses become successful. Our knowledge of industries, companies and countries will help you make the right decisions and avoid risks. We offer efficient solutions for all situations, even when the business climate is challenging, working to protect your business and safeguard your corporate financial health. We provide credit insurance and other services for risk management when you trade at home or overseas. We help you collect your debts with services tailored to your needs. We provide bonding to reassure business partners your contractual obligations will be met. Our proprietary data helps you select the best companies to trade with and the right terms to offer them. We examine and monitor possible credit threats to your business. Our objective is to help you avoid financial losses and fully understand the financial stability of your business partners. When you have a payment default, we manage claims to give you confidence and peace of mind, so that you can focus on developing your business.