World

Taiwan cuts 2019 GDP outlook again on weak exports

Published Updated

Taiwan's first quarter annual GDP growth was also revised slightly lower to 1.71% from a preliminary 1.72%, the Directorate General of Budget, Accounting and Statistics said in a statement.

In February, the government had trimmed its full-year GDP  forecast from 2.41 percent made in November.

The government forecast that exports would decline 1.17% in 2019, compared with a 5.9% expansion in 2018.

It also nudged down its inflation estimate for 2019 to 0.71% from 0.73% previously.

Copyright Reuters, 2019