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October 2021
Asia, the undisputed growth champion
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Hi Sophia (Ha Jeong),
Our latest economic report is out! 2020 was the year of extreme contrasts.
The novel Covid-19 virus destroyed millions of lives and livelihoods,
plunging the global economy into its deepest recession since World War
II.
The discrepancy between wealth and economic growth has rarely been as
pronounced as in 2020: Global financial assets grew by a staggering 11.6
percentage points more than economic output.
Asia (ex Japan) is the undisputed growth champion, with per capita
financial assets having increased more than fivefold on average since 2000.
This is twice as fast as in the two other emerging regions, Eastern
Europe and Latin America.
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Global Insolvency Report
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See how the withdrawal of support measures for
companies sets the stage for a gradual normalization of business
insolvencies.
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eBook: Ultimate guide of Trade Credit Insurance
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On average, 1 in 10 invoices becomes delinquent. What
should you do in this scenario? Download our FREE ultimate Trade
Credit Insurance guidebook for answers.
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China's great crunch
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A mix of temporary and policy-driven crunches, the
biggest being real estate, has sparked a sudden slowdown in China,
which we expect to continue through Q4 2021 and the beginning of next
year.
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인사말
