TURKMENISTAN TAJIKISTAN KYRGYZSTAN UZBEKISTAN KAZAKHSTAN RUSSIA MONGOLIA CHINA SOUTH KOREA NORTH KOREA JAPAN PAKISTAN INDIA NEPAL BANGLADESH LAOS THAILAND VIETNAM CAMBODIA PHILIPPINES MALAYSIA INDONESIA TIMOR-LESTE PAPUA NEW GUINEA AUSTRALIA NEW ZEALAND JORDAN LEBANON ISRAEL CYPRUS TURKEY GEORGIA ARMENIA AZERBAIJAN EGYPT ALGERIA TUNISIA MOROCCO PORTUGAL SPAIN WESTERN SAHARA MAURITANIA NIGER NIGERIA BENIN GHANA IVORY COAST LIBERIA SIERRA LEONE GUINEA SENEGAL ERITREA ETHIOPIA CAMEROON UGANDA TANZANIA RWANDA BURUNDI KENYA MOZAMBIQUE BOTSWANA SOUTH AFRICA LESOTHO MADAGASCAR MAURITIUS REUNION SRI LANKA MALDIVES SAUDI ARABIA KUWAIT OMAN UAE BRAZIL FRENCH GUIANA SURINAME GUYANA COLOMBIA ECUADOR PERU BOLIVIA PARAGUAY URUGUAY CHILE FRENCH ANTILLES DOMINICAN REPUBLIC HAITI CUBA JAMAICA PANAMA COSTA RICA NICARAGUA HONDURAS EL SALVADOR GUATEMALA MEXICO UNITED STATES CANADA GREENLAND ICELAND QATAR TOGO GABON CONGO MALAWI ZAMBIA NAMIBIA AFGHANISTAN IRAN IRAQ MYANMAR (BURMA) SYRIA LIBYA MALI CHAD SUDAN SOMALIA ZIMBABWE YEMEN CENTRAL AFRICAN REPUBLIC SOUTH SUDAN VENEZUELA ARGENTINA DEMOCRATIC REPUBLIC OF THE CONGO ANGOLA The Atradius Risk Map gives an overview of the level of risk associated with countries worldwide. This map has been created by our Economic Research team and drawn from a range of sources. This map is provided for information purposes only and is not intended as a recommendation as to particular transactions, investments or strategies in any way to any reader. For our full disclaimer and further information on our Risk Map, please visit: https://group.atradius.com/publications/trading-briefs/risk-map.html Low Risk Moderate-Low Risk Moderate Risk Moderate-High Risk High Risk Very High Risk Country Risk Map 2020 Q1 Republic of Congo Movement Focus Hong Kong Togo The political situation is extremely fragile. The government will seek to improve the management of public finances and implement structural reforms, but high corruption and bureaucratic inefficiency make progress difficult. Economic activity will be driven by the mining sector. The coronavirus outbreak in mainland China will curtail a tentative rebound in Hong Kong’s economy, following long-running protests in the second half of 2019. The coronavirus will result in a drastic fall in spending by both domestic consumers and tourists. Antipathy towards the government remains high and disruptive demonstrations are likely to erupt again in 2020. There is a significant possibility of widespread protests ahead of the 2020 presidential election. Growth will be weakened by the coronavirus outbreak. High current account deficit and high government debt make the economy of Togo vulnerable. SWEDEN NORWAY FINLAND ESTONIA LATVIA LITHUANIA BELARUS POLAND GERMANY DENMARK NETHERLANDS BELGIUM FRANCE UNITED KINGDOM IRELAND CZECH REPUBLIC SLOVAKIA HUNGARY AUSTRIA SWITZERLAND ITALY BOSNIA SLOVENIA CROATIA SERBIA MACEDONIA ALBANIA GREECE MONTENEGRO UKRAINE MOLDOVA ROMANIA BULGARIA SPAIN PORTUGAL MALTA Top country movements Grenada American Samoa Virgin Islands (US) Northern Mariana Islands Guam