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MOEA hoping to keep economic growth above 1%

MOEA hoping to keep economic growth above 1%

Taipei, Sept. 24 (CNA) Economics Minister John Deng (???) admitted Thursday that it will be difficult for Taiwan to keep its economic growth above 1 percent this year but he pledged that his ministry will do its best to achieve that goal. Deng made the remarks during a legislative hearing when he was asked by a legislator if the government will have any problems keeping the country's economic growth above 1 percent this year. "Of course there are problems, but the Ministry of Economic Affairs will work hard (to overcome the problems)," he said. As of August, Taiwan's exports had declined for seven consecutive months. Industrial production, meanwhile, had dropped for the fourth month in a row, while sales of trade and food services had fallen for the sixth straight month. The Directorate General of Budget, Accounting and Statistics (DGBAS) has already lowered its economic growth forecast for this year to 1.56 percent, down from the previous projection of 3.28 percent made in late May. It is widely believed that the DGBAS will further trim its forecast. Asked if there has been an increase in the number of workers put on unpaid leave this year, Deng said there has not been an obvious increase. Citing data from the Ministry of Labor, Deng said 946 workers from 21 companies had been put on unpaid leave as of Sept. 15. Of these, 116 were working for optoelectronics companies, he said. (By Huang Chiao-wen and Y.F. Low)


Updated : 2021-02-26 10:05 GMT+08:00