Atradius, a trade credit insurer based in Amsterdam, recently released a detailed report focused on the performance of 11 key Asian economies, including China, India, Indonesia, Japan, Malaysia, The Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam.
Some of the main takeaways from the Atradius Report include:
- Robust domestic demand in India is resulting in record high annual economic growth rates of seven per cent through 2020, but the country’s structural deficiencies may threaten this outlook.
- Singapore and South Korea show the lowest amount of risk in the Asia Pacific region, both are susceptible to risks stemming from an escalation of the Sino-US trade dispute.
- Regarding Japan, analysts say there is an urgent need to make the labour market more flexible, to end protections for farmers, doctors and pharmaceutical companies and to introduce more business deregulation.