Taiwan Cuts GDP Forecast to 3.9 Percent
Taiwan's statistics office has cut its GDP forecast for 2024 to 3.9% from 3.94%, saying that export figures were lower than expected. It would still be the highest growth rate since 2021, when Taiwan's economy grew by 6.62%.
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00:00Taiwan has lowered its forecast for this year's GDP growth.
00:04The Government Statistics Office cut its prediction from 3.94% to 3.9%,
00:10citing lower-than-expected exports. It would be the highest growth in the country since 2021,
00:16when the economy grew over 6.6%. The office says the country's economy is still on course for
00:22stable growth next year, adding that demand for technology products remains high due to an AI
00:28boom, but shipments of non-tech products have dropped.