TAIPEI -- Taiwan downgraded its economic outlook for 2019 on Wednesday due to sluggish exports, projecting 2.27% growth in real gross domestic product for the island's slowest uptick in three years.
The forecast from the Executive Yuan falls 0.14 percentage point lower than a projection issued in November. Taiwan achieved 2.63% growth in 2018, and the island's potential growth rate is thought to be just below 3%.
