Table 2.

Correlation matrix for drivers of Country and COVID-19 risks using Spearman's correlation.

	Country Risk	Economic Risk	Business Environment Risk	Political Risk	Commercial Risk	Financing Risk	COVID-19 Risk	Hazard and Exposure	Vulnerability	Lack of Coping Capacity
Country Risk	–
Economic Risk	0.87	–
Business Environment Risk	0.79	0.74	–
Political Risk	0.84	0.79	0.85	–
Commercial Risk	0.26	0.25	0.06	0.16	–
Financing Risk	0.88	0.83	0.67	0.74	0.29	–
COVID-19 Risk	0.60	0.61	0.74	0.67	−0.11	0.48	–
Hazard and Exposure	0.43	0.41	0.62	0.52	−0.21	0.35	0.73	–
Vulnerability	0.01	0.01	0.05	0.03	−0.09	−0.01	0.28	0.09	–
Lack of Coping Capacity	0.70	0.69	0.80	0.71	−0.01	0.54	0.83	0.59	0.13	–

Note: All non-significant values appear in bold at a significance level of 0.01.