ZCZC
BCN-14
TAIWAN-ECONOMY-GROWTH
Taiwan’s 2019 economic growth forecast lowered to 2.08 pct
TAIPEI, June 16, 2019 (BSS/Xinhua) – Taiwan’s economic expansion in 2019 is
expected to further slow amid growing uncertainties in the global economy, a
local think tank said.
The Taiwan Research Institute has cut its forecast for the island’s
economic growth rate in 2019 to 2.08 percent from the 2.34 percent projected
in December.
Taiwan’s private consumption this year is forecast to grow by 1.98 percent,
while private investment is likely to grow by 4.19 percent.
Cross-Strait relations and execution of the local budget will also weigh on
the island’s economy in the second half of this year, said the think tank.
BSS/XINHUA/HR/1145