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Economy

2015 GDP forecast cut to 1.56% on weak exports

TAIPEI -- The export-reliant Taiwanese economy could grow at the slowest rate since 2010 due to softer global demand weakening its exports and the rising threats from China's technology supply chain, the island's statistics bureau said Aug. 14.

     The Directorate-General of Budget, Accounting and Statistics slashed the full-year gross domestic product growth forecast for 2015 to 1.56% from its May estimate of 3.28%, saying Taiwan's economy is expected to grow 0.1% in the third quarter and 1.9% in the September-December period. 

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