taiwan falls into recession posts slowest growth in 6 years
Last Updated : GMT 21:52:44
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.

 

arabstoday
arabstoday

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*

taiwan falls into recession posts slowest growth in 6 years taiwan falls into recession posts slowest growth in 6 years

 



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*

taiwan falls into recession posts slowest growth in 6 years taiwan falls into recession posts slowest growth in 6 years

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Presenter Sherine Ramahi proud of her career

GMT 06:46 2017 Sunday ,19 November

Presenter Sherine Ramahi proud of her career
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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