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  [Euler Hermes] January 2020: APAC Economic & Risk Insig¡¦
  ±Û¾´ÀÌ : °ü¸®ÀÚ ³¯Â¥ : 20-01-31 08:59         

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Hi there!

Featured This Month:
Global Automotive 2020: Another lost year

The rise in APVs is not yet strong enough to support a rebound of the global automotive market in 2020. We expect the latter to experience another decline in volume terms in 2020 (-1%) after a noticeable contraction in 2019 (-4%).

The rise in EV sales will still represent a limited number of vehicles in 2020, with 2.5 mn i.e. a 3% market share. At the same time, the prolonged wait-and-see attitude towards EVs will partly weigh on non-EV sales – and increase the average age of the fleet of vehicles on the roads.

 

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China: The slowdown is managed, but not over

China¡¯s GDP growth came in unchanged at +6.0% y/y in Q4. 
 
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U.S.-China trade deal: De-escalation confirmed

The U.S. and China officially signed a ¡°Phase 1¡± trade deal.
 
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Taiwan election: Decoupling from China

Tsai Ing-wen reelected as president of Taiwan on 11 January.
 
View More

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China: Monetary policy was eased again

The PBOC announced a 50bp cut in the Reserve Requirement Ratio. 

View More

 

 

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2021-02-03
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