Official forecast for Taiwan’s 2016 GDP growth cut to 1.06%

Taiwan’ News
Date: 2016-05-27
By: By Chen Cheng-wei and Frances Huang, Central News Agency

The Directorate General of Budget, Accounting and Statistics (DGBAS), Taiwan’s official statistics agency, has lowered its forecast for Taiwan’s gross domestic product (GDP) growth in 2016 to 1.06 percent.

The latest forecast was 0.41 percentage points lower than the DGBAS’s previous estimate of 1.47 percent growth made in February as weakening global demand continues to weigh on Taiwan’s exports, which are the backbone of the country’s economy.    [SOURCE]

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