STIMULUS:Analysts said soft exports that are not caused by a drop in the price of crude could indicate fundamental economic issues, and cheap credit may encourage spending
Date: , Jul 20, 2015
By: Crystal Hsu / Staff reporter
The central bank might consider cutting interest rates this quarter if data due on Friday next week show that GDP growth was lower than 3 percent in the first half, economists said yesterday.
The Cabinet on Wednesday instructed the National Development Council to recommend measures to boost exports, which contracted 7.1 percent in the first six months, worse than the 6.95 percent fall the statistics agency projected in May. [FULL STORY]