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Trade war

US business confidence in Taiwan slumps on geopolitical concerns

Top asset manager PIMCO warns of higher odds of global recession in late 2020

TAIPEI -- U.S. businesses are losing confidence in Taiwan's economic outlook over the next 12 months due to rising geopolitical concerns, according to a survey of members of the American Chamber of Commerce in Taipei published on Wednesday.

Only 45.8% of respondents said they were very or somewhat confident, down nearly 10 percentage points from 55.5% a year ago. More than half said they were not very confident or not confident at all about the outlook for 2019.

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