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Taiwan's economy forecast to slow down in 2015

Taiwan's economy forecast to slow down in 2015

Taipei, June 23 (CNA)
Swiss brokerage firm UBS Securities forecast Tuesday that Taiwan's gross domestic product (GDP) growth will slow from 3.7 percent in 2014 to 3.3 percent in 2015.
The slower growth will be due in part to the falling price of exports, tech product rollover cycles, and an economic slowdown in emerging markets, said William Dong, equities and research head of UBS Securities' Taipei branch.
"For Taiwan tech in particular, weak PC shipments, a slowdown in China's handset market, and inventory adjustments in the semiconductor sector have served as headwinds," Dong said at a media briefing at the UBS Taiwan Conference with investors. (By Jeffrey Wu)


Updated : 2021-01-25 17:55 GMT+08:00