International factors could exacerbate Taiwan’s growth cool down
Taiwan News
Date: 2018/12/31
By: Scott Morgan, Taiwan News, Staff Writer
Donald Trump and Xi Jinping (By Associated Press)
TAIPEI (Taiwan News) – The Yuanta-Polaris Research Institute (元大寶華綜經院) and Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) believe Taiwan’s biggest economic challenges in 2019 are the U.S.-China trade war, financial market volatility, and geopolitical risks, reported CNA.
According a host of analysis, Taiwan’s economic growth is tapering off, and these three risk factors could catalyze a potential economic downturn.
Taiwan’s economy performed reasonably well in 2018 with GDP growth similar to regional neighbors, strong exports for most of the year, increased investment, and unemployment less than 4 percent.
In 2019, Taiwan’s economy is expected to grow by around 2.18 to 2.45 percent, depending on source of analysis. Some forecasts, like the one performed by the Cabinet-level Directorate General of Budget, Accounting and Statistics, decreased their growth expectations due to weaker growth in Q3-4 2018 and rising global uncertainty. [FULL STORY]
