22476
Taiwan GDP Growth at 3-Year Low
World Economy

Taiwan GDP Growth at 3-Year Low

Taiwan in the second quarter didn’t come close to reaching the government’s GDP growth forecast issued only in May, underscoring pressure from the easing expansion in mainland China’s economy and inventory build-up in the electronics industry, Forbes reported. Taiwan’s GDP rose by 0.64% in the three months to June, less than a projected increase of 3.05% issued in May, the Cabinet’s statistics office said Friday.  A 9.8% drop in exports in the second quarter dragged down GDP and manufacturing, the government said.  Visitors from China, an important source of growth for Taiwan’s tourism industry, fell 2.7% in second quarter from a year ago, the first decline more than three years. Taiwan’s benchmark stock index eked out a 0.2% rise, but has fallen 7% in the past month. The GDP increase was the smallest in three years.  The 0.64% gain compared with an increase of 3.87% in the second quarter of last year and 3.37% in the first quarter of 2015 versus a year ago.

 

Short URL : http://goo.gl/QgjfC8

You can also read ...

Saudi Arabia Facing Uphill Battles
Saudi Crown Prince Mohammed bin Salman’s Vision 2030 scheme...
Switzerland has the smallest ratio with 7.2% of GDP.
The shadow economy in Jordan accounted for 17.38% of the GDP...
The popular Tesla Model S is due to sell by the end of this month in China, at which point the price will go up about $20,900.
More than a week has passed since the US and China fired the...
The Bank of Italy revised its growth estimates down to 1.3% for 2018, and to 1% for 2019.
Italy's already weak growth forecasts were revised downwards...
Airbus, AirAsia Discussing $23 Billion Deal
The Malaysian airline, already the second-biggest customer for...
German Cabinet Warned of Economic Risks
The chief of Germany’s central bank, Jens Weidmann, warned the...
Pakistan Raises Key Interest Rate
Pakistan’s central bank on Saturday raised interest rates by...
The bankruptcy of investment bank Lehman Brothers on September...

Trending

Googleplus