Arab Today, arab today taiwan falls into recession posts slowest growth in 6 years
Last Updated : GMT 19:58:22
Arab Today, arab today
Arab Today, arab today

Taiwan falls into recession, posts slowest growth in 6 years

Arab Today, arab today

Arab Today, arab today Taiwan falls into recession, posts slowest growth in 6 years

Taiwanese frustrated at the anaemic economy this month elected Tsai Ing-wen
Taipei - AFP

Taiwan sank into recession in October-December, data showed Friday, posting its slowest annual growth in six years, with weak international demand and greater competition from China hitting the export-dependent island.

The growth rate of 0.85 percent in 2015 missed an earlier official forecast of 1.06 percent.

The full-year figure was dragged down by an unexpected contraction in the three months through December, the second straight quarter of declines that meets the definition of a technical recession.  

"Inventories of electronic products continue to be digested, affected by weak global growth," the Directorate General of Budget, Accounting and Statistics said in a statement.

It also cited the rise of technology manufacturing -- a key sector for Taiwan -- in China and declines in raw materials as factors for the struggling economy.

Taiwan's economic woes come as China's economy last year slowed to 6.9 percent, its weakest annual rate in 25 years.

China is Taiwan's biggest export market, accounting for a quarter of products shipped.

Exports fell by a 10th last year, with sales to China dropping 12.3 percent from the previous year.

The government has been trying to spur the economy, cutting its key interest rate twice in the last two quarters and pushing a stimulus package to boost consumer spending.

Taiwanese frustrated at the anaemic economy this month elected Tsai Ing-wen from the main opposition party as the island's new leader, setting the stage for frostier ties with the mainland.

Current president Ma Ying-jeou, who was elected on a platform of greater engagement with China, has seen his popularity hit record lows due to his policies failing to translate into higher salaries and better job prospects.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today taiwan falls into recession posts slowest growth in 6 years Arab Today, arab today taiwan falls into recession posts slowest growth in 6 years

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday