“Growth risk is now neutral as multiple vaccine successes increase recovery upside,” Hsu said. The logos of S&P Global and Taiwan Ratings are pictured at its office in Taipei on Sept. 4 last year. Downside risks, while retreating, remain, while ongoing virus containment measures and growing debt worldwide could derail the post-pandemic recovery, Taiwan Ratings said. The pandemic would continue to hamper air travel and container carriers have not yet come out of related risks, Hsu said. The banking sector might see moderate loan growth of 4.5 percent next year, supported by a projected 3 percent GDP growth, Taiwan Ratings financial analyst Andy Chang (張書評) said.

Source: Taipei Times December 10, 2020 15:56 UTC