Want China Times
British banking group Barclays has dropped its forecast for Taiwan’s economic
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]