Central bank cuts 2023 GDP growth forecast, slaps property market controls
06/15/2023 10:17 PM
The Central Bank of the Republic of China (Taiwan) said Thursday that it has lowered its forecast of Taiwan's gross domestic product (GDP) growth forecast to below 2 percent, citing a weak export performance, and has imposed more selective credit control on the property market to rein in property prices despite a pause to its rate hike cycle.
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