Want China Times
Taiwan’s statistics office is likely to cut Taiwan’s gross domestic product (GDP) growth
for 2015 to around 2.68% after the country reported disappointing second-quarter GDP data, sources said Thursday.
The expected downgrade will reflect weakening global demand at a time when several major economies, including China, show signs of a slowdown, the sources said.
At the end of July, the DGBAS reported that the GDP for the second quarter grew only 0.64%–lagging far behind its previous estimate of 3.05% growth– citing lower-than-expected export growth.
After the poor second-quarter GDP data was released, fears have been mounting that the economy is unlikely to grow at a pace of 3% for 2015 as the ministry had previously forecast. [FULL STORY]