Country Risk Map 2020 Q1

GREENLAND

ICELAND RUSSIA

CANADA

KAZAKHSTAN MONGOLIA

UZBEKISTAN GEORGIA KYRGYZSTAN NORTH AZERBAIJAN UNITED STATES KOREA TURKMENISTAN TAJIKISTAN

SOUTH JAPAN CYPRUS SYRIA KOREA Grenada TUNISIA LEBANON AFGHANISTAN MOROCCO IRAQ ISRAEL IRAN JORDAN

KUWAIT ALGERIA PAKISTAN NEPAL LIBYA Top country movements EGYPT QATAR WESTERN SAHARA SAUDI UAE BANGLADESH ARABIA OMAN MYANMAR MEXICO CUBA DOMINICAN HAITI (BURMA) REPUBLIC MAURITANIA LAOS American Samoa JAMAICA FRENCH GUATEMALA HONDURAS ANTILLES ERITREA SENEGAL CHAD YEMEN THAILAND EL SALVADOR SUDAN VIETNAM Virgin Islands (US) CAMBODIA GUINEA COSTA RICA PANAMA SOMALIA VENEZUELA SIERRA LEONE IVORY SOUTH ETHIOPIA FRENCH COAST CENTRAL AFRICAN SUDAN SRI LANKA Northern Mariana Islands GUYANA GUIANA LIBERIA REPUBLIC CAMEROON MALAYSIA COLOMBIA SURINAME

MALDIVES Guam CONGO UGANDA KENYA ECUADOR GABON DEMOCRATIC INDONESIA REPUBLIC OF RWANDA BURUNDI THE CONGO TANZANIA TIMOR-LESTE

PERU BRAZIL ANGOLA MALAWI ZAMBIA BOLIVIA MADAGASCAR ZIMBABWE MOZAMBIQUE NAMIBIA MAURITIUS FINLAND PARAGUAY BOTSWANA REUNION AUSTRALIA

SOUTH LESOTHO AFRICA

ESTONIA URUGUAY

CHILE Movement Focus NEW ZEALAND BELARUS IRELAND UNITED KINGDOM Republic of Congo Togo CZECH REPUBLIC UKRAINE SLOVAKIA The political situation is extremely fragile. The coronavirus outbreak in mainland China will There is a significant possibility of widespread

AUSTRIA MOLDOVA The government will seek to improve the curtail a tentative rebound in Hong Kong’s protests ahead of the 2020 presidential election. ROMANIA management of public finances and implement economy, following long-running protests in the Growth will be weakened by the coronavirus

BOSNIA SERBIA structural reforms, but high corruption and second half of 2019. The coronavirus will result in a outbreak. High current account deficit and high MONTENEGRO BULGARIA bureaucratic inefficiency make progress difficult. drastic fall in spending by both domestic government debt make the economy of Togo MACEDONIA ALBANIA Economic activity will be driven by the mining consumers and tourists. Antipathy towards the vulnerable. PORTUGAL SPAIN

GREECE sector. government remains high and disruptive demonstrations are likely to erupt again in 2020.

MALTA

Low Risk Moderate-Low Risk Moderate Risk Moderate-High Risk High Risk Very High Risk

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