Taiwan: Payment default risks put pressure on business

Taiwan: Payment default risks put pressure on business

Taiwan: Payment default risks put pressure on business

Taiwanese businesses are the least inclined in the Asia Pacific to sell on credit. Get your copy of the latest payment practices barometer and find out why.

The economic outlook for Taiwan seems less optimistic than one year ago. Domestic demand, mainly impacted by low wage growth and a reduction in tourists from mainland China, still awaits support from fiscal stimulus and large investments. Export demand from key markets such as mainland China and Hong Kong has cooled down, and the repercussions of the still unsolved and potentially escalating Sino-US trade dispute are not making the picture brighter. This is also the sentiment expressed by half of Taiwanese respondents, who are concerned about a negative impact of the worsening of both the global and domestic economies on their business.