SMEs: WHERE NOT TO GO?

VENEZUELA

-14.4

D4

TUNISIA

-0.4

C4

TURKEY

-18.9

C3 PAPUA NEW GUINEA

-0.2

D4

SRI LANKA

-0.9

D4

VENEZUELA

TO KNOW MORE :

TURKEY

TUNESIA -6%

<4%

/

-5%STRONG EXPORT LOSSES AND STOP OF IMPORTS, RECESSION CONTINUES

SEVERE ECONOMIC CRISIS PAPUA NEW GUINEA /

RISK OF TRANSFER AND CONVERTIBILITY IS HIGH

POLITICAL SITUATION IS RISKY AND CURRENT ACCOUNT DEFICIT REMAINS HIGH

GROWTH GROWTH

SRI LANKAMACROENOMIC AND FINANCIAL VULNERABILITIES ARE HIGH, LOW ECONOMIC GROWTH

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"THE FUTURE ROADS FOR SMEs”

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CASH FLOW'S GOOD PRACTICES

HOW TO DETECT SIGNS OF NON PAYMENT

HOW TO MAINTAIN GOOD RELATIONSHIPS WITH YOUR CUSTOMERS IN CASE OF LATE PAYMENTS

HOW TO EXPORT WITH CONFIDENCE

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WHAT CAN EUROPE DO FOR SMEs?

ADDITIONAL MERCHANDISE IMPORT NEEDS 2019 (USD BN)

COUNTRY RATING

SMEs: WHERE TO GO?

UNITED STATES

93.5

AA1

MEXICO

13.1

BB2

CHILE

1.5

A1

MOROCCO

2.1

B1

NETHERLANDS

11.6

AA1

GERMANY

18.6

AA1 UNITED ARAB EMIRATES

5.7

BB1

CHINA

99.9

B2

JAPAN

32.3

A1

AUSTRALIA

3.5

AA1NEWZEALAND

1.5

AA1

ADDITIONAL MERCHANDISE IMPORT NEEDS 2019 (USD BN)

COUNTRY RATING

CHILE

MEXICO

UNITEDSTATES +2.5%

/

ECONOMIC GROWTH IS EXPECTED TO STAY STRONG

UNEMPLOYMENT IS AT HISTORICAL LOWS AND WAGES PROGRESS

LARGE DOMESTIC MARKET

~4%

GROWTH

GERMANY

MOROCCO

NETHERLANDS +1.8%

+2.2%

+2.7%

/ DOMESTIC DEMAND REMAINS RESILIENT

MAIN GROWTH DRIVER: CONSUMPTION

EXPECTED GDP GROWTH

GROWTH

UNITED ARAB EMIRATES

STRONG IMPORT GROWTH, 2019-2020 GROWTHMOMENTUM

AUSTRALIA

CHINA

JAPAN /

/

6%

+2.2% DECENT ECONOMIC GROWTH

INCREASING DOMESTIC DEMAND AND ECONOMICGROWTH

POLITICAL STABILITY.RECOVERY IN CONSUMPTION AND INVESTMENT

GROWTH

NEW ZEALAND

ECONOMIC GROWTH IS RESILIENT