TAIPEI -- Taiwan's export-dependent economy slipped into a recession in the first quarter of 2023, according to preliminary figures released by the Directorate General of Budget, Accounting and Statistics on Friday.
Economy
Taiwan GDP down 3.02% in Q1 as economy sinks into recession
Preliminary data disappoints amid sluggish demand for tech exports
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Taiwan has opened up after COVID-19, but it faces weak external demand for its tech exports. © EPA/Jiji
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