By: Pan Tzu-yu and Frances Huang
Taipei, Nov. 17 (CNA) Taiwan’s economy is expected to slow down over the next six months in the wake of volatility in global equity markets and the impact of escalating trade tensions between the United States and China, according to the German think-tank Ifo Institute.
In its latest quarterly World Economic Climate survey, Ifo said the economic climate indicator in Taiwan fell to minus 42.1, its lowest level since the first quarter of 2012.
The slowdown in the local economy reflected recent turbulence in the global equity market at a time of concern over the trade situation between Washington and Beijing, the top two economies in the world.
The Ifo survey showed the sub-indexes for exports, imports, capital formation and private consumption moving lower over the next six months. [FULL STORY]