World Economy

Taiwan Export Orders Slump

Taiwan Export Orders SlumpTaiwan Export Orders Slump

Taiwan’s export orders in January fell 12.4%, much worse than expected, data released by the ministry of economic affairs on Wednesday showed. The data is an indication of the strength of Asian exports and of global demand for technology products, Reuters reported. Taiwan’s exports in January slid for the 12th month running, hit by a slump in shipments to China and raising the risk of further downgrades to the island’s economic growth outlook this year. Growth in 2015 was the weakest since the global financial crisis.