Think tank cuts taiwan’s 2022 GDP growth forecast to 3.81% ...Middle East

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TAIPEI: The Taiwan Institute of Economic Research (TIER) on Monday lowered its forecast for Taiwan’s 2022 gross domestic product (GDP) to below 4 percent, citing weaker private consumption.The think tank adjusted its 2022 forecast to 3.81%, down 0.29 percentage points from its previous estimate in April, joining other institutions that have cut their projections for Taiwan’s economic growth this year amid rising inflation and challenges associated with the prevalence of domestic COVID-19 cases, Central news agency (CNA) reported. Last week, Academia Sinica, the top research institute in Taiwan, lowered its economic growth forecast for 2022 from 3.85% to 3.52%, while the Chung-Hua Institution

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Think tank cuts taiwan’s 2022 GDP growth forecast to 3.81% ...Middle East

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