Taiwan 3Q18 economic growth estimated at 2.27pct

04-Dec-2018 Intellasia | Digi Times | 6:10 AM Print This Post

Taiwan’s economic growth rate for third-quarter 2018 is estimated at 2.27 percent, 0.09pp lower than 2.36 percent forecast in August 2018, according to the directorate general of Budget, Accounting and Statistics (DGBAS).

Taking into account the impact of the US-China trade war, total export value in 2019 is forecast at $343.5 billion, increasing 1.96 percent on year, DGBAS indicated.

Forecast economic growth rates for 2018 and 2019 is 6.6 percent and 6.1 percent respectively for China;2.9 percent and 2.7 percent for the US; 2.6 percent and 2.6 percent for South Korea; 3.1 percent and 2.4 percent for Singapore; 3.5 percent and 2.6 percent for Hong Kong; 1.0 percent and 0.9 percent for Japan; 2.0 percent and 1.6 percent for the EU, DGBAS noted.

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Category: Taiwan

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