Focus Taiwan App

Taiwan's 2023 GDP growth forecast cut to 1.42%, lowest since 2008: DGBAS

11/28/2023 09:51 PM
To activate the text-to-speech service, please first agree to the privacy policy below.

In the wake of a severe contraction in exports and sluggish private investment, the Directorate General of Budget, Accounting and Statistics (DGBAS) announced Tuesday that it has trimmed its forecast for Taiwan's gross domestic product (GDP) growth in 2023 to 1.42 percent, the lowest level since the global financial crisis in 2008.

(Full text of the story is now in CNA English news archive. To view the full story, you will need to be a subscribed member of the CNA archive. To subscribe, please read here.)

    We value your privacy.
    Focus Taiwan (CNA) uses tracking technologies to provide better reading experiences, but it also respects readers' privacy. Click here to find out more about Focus Taiwan's privacy policy. When you close this window, it means you agree with this policy.