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)

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]