Taiwan’s GDP growth forecast further lowered to 2.01pc | 2019-07-22

Taiwan’s GDP growth forecast further lowered to 2.01pc

21st July, 2019 11:29:06 printer

TAIPEI: Taiwan’s economic growth forecast for 2019 has been further lowered to 2.01 percent, according to the island’s Academia Sinica.

Taiwan’s outbound orders, exports and industrial production data have all showed sluggish performances due to the trade tensions between the Chinese mainland and the United States, the institution said, reports Xinhua.

Consumption of durable goods such as automobiles, telecommunications products and household electrical appliances has become conservative while the wholesale industry has seen an obvious drop in sales, it said.


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