News2-Taiwan braces for weakest economic growth in five quarters

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.

Source:

http://www.scmp.com/business/economy/article/1694971/taiwan-braces-weakest-economic-growth-five-quarters