Fubon analysts estimate Taiwan’s economic growth in 2019 will be around 2.41%
By: Alicia Nguyen, Taiwan News, Staff Writer
TAIPEI (Taiwan News) – Fubon Financial Holding Company (FHC), a Taiwan-based financial investment management company on Nov. 3 held a seminar where it pointed out the four major obstacles to economic growth in 2019 and announced an estimate of the economic growth (GDP) around 2.41%.
One of the guest speakers at the forum, Taiwanese financial expert Lo Wei (羅瑋) said that the Taiwan economy might face four major economic risks in the year 2019, including the U.S.-China trade war, fluctuations to the U.S. economy, possible downturn in Chinese economic growth, and outflow of foreign funds to emerging markets such as Indonesia, India, and Thailand, CNA reports.
According to a Reuters, a recently updated economic outlook of the U.S. said that real gross domestic product would grow 2.4 percent next year, as growth in business investment and government purchases slow.
He added that if infrastructure and tax 2.0 reforms are not passed under bipartisan support, the U.S. economic growth rate is likely to slow down to 2.2%. Meanwhile, Taiwan’s economic growth rate is estimated to be 2.4%, and China will see a further drop to 6.2%. [FULL STORY]