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Taiwan trims 2020 GDP

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Christian Fernsby ▼ | February 13, 2020
Taiwan’s government lowered its 2020 economic growth estimate yesterday.
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The growth forecast was trimmed to 2.37% from 2.72% seen in November. The government also cut its outlook for 2020 export growth to 2.85%, from November’s 3.12%.

Topics: Taiwan GDP

The 2020 revisions were mainly due to the impact of the virus outbreak on exports and domestic consumption, the Directorate General of Budget, Accounting and Statistics said, adding that it was a “major uncertainty” for Taiwan’s growth outlook and could drag on its exports.