TAIPEI: Taiwan's economy is likely to grow more slowly this year than previously forecast, the statistics office said on Wednesday (Feb 22), while also slashing the island's export outlook due to global inflation, rate rises and impact of the war in Ukraine. Gross domestic product (GDP) for 2023 is now exp
TAIPEI: Taiwan's economy is likely to grow more slowly this year than previously forecast, the statistics office said on Wednesday , while also slashing the island's export outlook due to global inflation, rate rises and impact of the war in Ukraine.
That would mark a slowdown from the 2.45 per cent logged for 2022, which was itself far slower than 2021's 6.53 per cent expansion.
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