Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Province News

HOME > Province News


Taiwan lowers its Q4 economic growth forecast to 1.76 pct

February 1, 2019


Abstract : Taiwan cut its economic growth forecast for the fourth quarter of 2018 to 1.76 percent, citing less-than-expected consumption and investment, according to the island's statistical authority Thursday.

TAIPEI, Jan. 31 (Xinhua) -- Taiwan cut its economic growth forecast for the fourth quarter of 2018 to 1.76 percent, citing less-than-expected consumption and investment, according to the island's statistical authority Thursday.

The latest estimate was 0.26 percentage points lower than its forecast in November, the authority said in a statement.

The growth for the first quarter, the second quarter and the third quarter was 3.15 percent, 3.29 percent and 2.27 percent, respectively.

Based on such projection, the island also lowered its economic growth forecast for 2018 to 2.6 percent, down 0.06 percentage points from its earlier forecast, it said.

Although the island's exports witnessed growth for 10 consecutive quarters, its growth rate in the fourth quarter slowed significantly due to a weak global economy and poor sales of smartphones.

Poor sales of communication device and household appliances, as well as decline in wholesale and retail sales, also led to the downward trend in the fourth quarter.


Related Coverage

Focus

Think Tank

  • 'Make in India' and 'Made in China' not zero-sum gam...

    March 1, 2019

    The success "Make in India" initiative will not only be conducive to the de...

  • The fledgling Greater Bay Area needs ‘affable guida...

    February 28, 2019

    From the examples of three bay areas, namely New York, San Francisco and Tok...

  • Economy can resist external pressure

    February 28, 2019

    China is capable of dealing with any pressure because it is committed to dee...

  • Household debt ratio not a cause for concern

    February 26, 2019

    For many families, the mortgage payment to household income ratio is unreaso...

  • Ask Us A Question

    If you have any questions, please enter them in the box below.

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

    Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

    Start a Free Trial