Economic Indicators

Taiwan cuts 2024 GDP growth forecast to 3.90%

08/16/2024

Less than a minute

2024.08.16 05:05

© Reuters. FILE PHOTO: People sell products at their stall at a market in New Taipei City, Taiwan January 31, 2024. REUTERS/Ann Wang/File Photo

TAIPEI (Reuters) – Taiwan’s economy is expected to expand by 3.90% in 2024, the Directorate General of Budget, Accounting and Statistics said on Friday, slightly downgrading its outlook from a previous estimate of 3.94%.

Gross domestic product expanded by a revised 5.06% in the second quarter from a year earlier, compared with a preliminary 5.09%, it said.

08/16/2024

Less than a minute

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