Taiwan Government Cuts GDP Growth Forecasts for 2018, 2019

Poster:Post date:2018-12-02
Issue:(Taiwan Party Politics and Domestic Issues)
(CNA, By Pan Tzu-yu and Frances Huang)
The Directorate General of Budget, Accounting, and Statistics said Friday that it has cut the estimate for Taiwan’s GDP growth in 2018 and 2019 by 0.03 and 0.14 points, respectively. Chu Tzer-ming, head of DGBAS, said this downgrade does not mean Taiwan’s economy is not growing at a stable pace. The cut in forecast for 2018 was mostly due to weaker than expected private consumption in the third quarter, whereas the cut for 2019 was due to external uncertainty about how the trade tension between the U.S. and China will affect global demand and growth. <Accessed 2018-12-01>  
Last modification time:2018-12-02 AM 4:56

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