The China Post
Date: June 24, 2016
By: Enru Lin
TAIPEI, Taiwan — Yuanta-Polaris Research Institute (元大寶華綜經院) on Thursday lowered its
annual economic growth forecast for Taiwan from 1.42 percent to 0.9 percent amid disappointing global demand.
The think tank cited reasons including a downtrend in tourism revenue and worse-than-expected export figures from January to May.
Yuanta-Polaris Research Institute Chairman Liang Kuo-yuan (梁國源) said demand for exports had failed to pick up this year as the world economy stayed ensnared in weak growth.
Liang said that major economies were not working together to lift themselves and to stabilize the global financial system. [FULL STORY]