Want China Times
Date: 2015-05-04
By: CNA
British banking group Barclays has dropped its forecast for Taiwan’s economic
![A night view of Taipei, Feb. 21. (Photo/Geotechnical Engineering Office, Public Works Department, Taipei City Government)](https://i2.wp.com/www.eyeontaiwan.com/wp-content/uploads/2015/05/93153_0005800.221.I221CP3H_2015資料照片_copy1-300x195.jpg?resize=300%2C195)
A night view of Taipei, Feb. 21. (Photo/Geotechnical Engineering Office, Public Works Department, Taipei City Government)
growth in 2015, citing slower public spending and a weak recovery of the global economy.
In a research note on Sunday, the banking group said it expects Taiwan’s GDP to grow 4% this year, a revision of its 4.5% projection in March.
The adjustment was made based on Taiwan’s weaker than expected GDP growth of 3.46% in the first quarter — mainly as result of slow government spending and investment — a slowing Chinese economy and a more gradual recovery in the United States, Barclays said. [FULL STORY]