Focus Taiwan
Date: 2019/04/17
By: Pan Tzi-yu and Flor Wang

Taipei, April 17 (CNA) The Chung-Hua Institution for Economic Research (CIER) on Wednesday trimmed its forecast for Taiwan’s economic growth rate for 2019 to 2.15 percent, down from 2.18 percent in December.

As with most other countries, Taiwan’s economy has slowed down since the middle of 2018, and it is expected to grow at a rate of less than 2 percent in the first half of this year.

The downward revision came because the slowdown was more pronounced than expected due to the ongoing trade disputes between the United States and China and the U.S. and Europe and fluctuations in raw materials prices, the CIER said.
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