Focus Taiwan
Date: 2015/11/05
By: Tsai Yi-chu, Y.F. Low and Frances Huang
Taipei, Nov. 5 (CNA) The Taiwan Institute of Economic Research (TIER), one of Taiwan’s
The latest forecast is 2.28 percentage points lower than TIER’s projection in July of a 3.11 percent growth.
TIER is the second think tank to cut its economic growth forecast for Taiwan to below 1 percent.
On Oct. 15, the Chung-Hua Institution for Economic Research lowered its prediction of Taiwan’s GDP growth from 3.04 percent to 0.9 percent, citing weaker exports, which it said were being dragged down by a wobbly global economy. [FULL STORY]