GLOOM: The government has taken several measures to boost local consumption and encourage China-based firms to return home, which might prove useful, Ifo said

Taipei Times
Date: Feb 13, 2019
By: Crystal Hsu  /  Staff reporter

Taiwan’s economic conditions have worsened significantly this quarter and could deteriorate further in the coming six months as downside risks build up amid a trade row between the US and China, German think tank the Ifo Institute for Economic Research said.

The domestic economic landscape has weakened for the fourth consecutive quarter, with the indicator falling from minus-42.1 to minus-52.9, the Ifo World Economic Survey showed.

The institute has since 1989 conducted the quarterly survey on business cycle developments and other economic factors. The latest survey collected responses from 1,293 experts in 122 nations.

All economic indicators for Taiwan moved lower in negative territory, except long-term interest rates and the strength of the US dollar against the New Taiwan dollar, it showed.
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