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Taiwan Lowers 2023 GDP Growth Outlook

Por: RTTNews Business November 28, 2023

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Despite continued recovery in tourism, Taiwan downgraded its growth projection for this year citing weak global demand and investment. The Directorate General of Budget, Accounting and Statistics forecast real gross domestic product to grow 1.42 percent in 2023 and 3.35 percent next year. The 2023 outlook was revised down from 1.61 percent estimated in August. The initial forecast for 2024 was 3.32 percent expansion.The agency expects exports to... + full article



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