Taiwan cuts 2018, 2019 economic growth forecasts

Source: Xinhua| 2018-11-30 21:59:36|Editor: Li Xia
Video PlayerClose

TAIPEI, Nov. 30 (Xinhua) -- Taiwan on Friday trimmed its economic growth forecasts for this year and next year amid slower global economic expansion.

Gross domestic product (GDP) will grow 2.66 percent this year, slightly lower than 2.69 percent growth it forecasted previously, according to the island's statistics agency.

Exports are expected to grow 3.37 percent year on year in 2018, while private consumption may rise 2.17 percent, lower than a previous forecast due to subdued consumer confidence. Fixed-asset investment growth outlook has also been cut to 3.59 percent.

The agency also lowered Taiwan's 2019 GDP growth outlook to 2.41 percent from 2.55 percent.

Exports may grow 3.06 percent next year as demand for the semiconductor sector is likely to remain strong. Private consumption may rise 2.23 percent on the back of better employment situation and possible pay rises, while fixed-asset investment may climb 5.4 percent as green energy investment continues.

The agency said uncertainties such as trade frictions, financial market fluctuations and commodity prices would all affect the island's economic prospects.

Taiwan's GDP grew 2.28 percent year on year in the third quarter, missing a previous forecast of 2.36 percent.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001376426171
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
亚洲一级淫片在线免费 | 日韩亚洲欧美中文字幕第六页 | 日韩精品一区二区三区中文在线 | 色婷婷综合激情中文在线 | 亚洲天堂在线观看网址 | 中文字幕在线精品男人的天堂 |