By: Tien Yu-pin and Frances Huang
Taipei, July 17 (CNA) Economic sentiment continued to weaken in July after a flurry of disappointing economic data, in particular regarding the country’s exports, which serve as the backbone of Taiwan’s economic growth, a survey showed Friday.
Cited in the survey, Cathay Financial Holding Co. (國泰金) said that several international organizations have lowered their forecasts for the world’s economic growth for 2015, dealing another blow to Taiwan’s economic sentiment.
Concerns over the debt problems in Greece also hurt local economic sentiment, Cathay Financial said. The survey, which collected 19,331 valid responses from its customers, was conducted between July 1 and July 10 before the Greek parliament passed a bailout agreement Wednesday. [FULL STORY]