RISKS: Vaccine rollout has bolstered growth prospects, but downside risks, such as increasing global debt and slow demand, could affect a post-pandemic recovery
Date: Dec 11, 2020
By: Crystal Hsu / Staff reporter
The rollout of vaccination programs against the COVID-19 outbreak would support a stable outlook for Taiwan’s economy this year and next year, despite global demand being ravaged by the pandemic, corporate credit analyst Raymond Hsu (許智清) at Taiwan Ratings Corp (中華信評), the local arm of S&P, told a news conference in Taipei yesterday.
“Growth risk is now neutral as multiple vaccine successes increase recovery upside,” Hsu said.
Taiwan has emerged from the pandemic unscathed, thanks to its effective handling of the outbreak, and an unexpected boom in demand for remote working and schooling devices, Hsu said. [FULL STORY]