News2-Taiwan braces for weakest economic growth in five quarter
The news shows that Taiwan has its slowest
quarterly year-on-year growth rate (3.1%) in five quarters but the fastest
full-year growth rate within the three years. It is believed that it is mainly
due to the plummeting demand for Taiwan’s goods, like the “Apple effect” has
weakened, and December exports fell a surprising 2.8% as shipments to mainland
China, Japan and Europe all contracted, leading to a sharp decrease of
technology-related goods-related exports. Overall, view on Taiwan economy is
still optimistic as the growth is solid and the positive assessment on US
economy, the pivotal trading partner.
It is pointed that mainland China affects
Taiwan economic growth to a great extent, so we can conclude that keeping
stable trading relation with her is highly preferable and Taiwan may having
trade agreements like lowering the tariff.
http://www.scmp.com/business/economy/article/1694971/taiwan-braces-weakest-economic-growth-five-quarters
