By: Liu Li-jung and Frances Huang
Taipei, Feb. 16 (CNA) Taiwan’s economy is expected to continue to weaken over the next six months in the wake of lower investment and private consumption, according to the German think-tank Ifo Institute.
In its latest quarterly World Economic Climate survey released earlier this week, Ifo said the economic climate indicator in Taiwan for the first quarter of this year fell from minus 42.1 in a similar survey released three months ago to minus 52.9 points.
The fall in the indicator for Taiwan indicates the local economy is expected to fare worse over the next six months.
Ifo cited economic experts as saying Taiwan will see its overall economy slow down, with capital formation and private consumption falling over the next six months.