TAIPEI -- Taiwan on Friday lowered its economic growth forecast for the year to 2.04%, the slowest pace in nearly eight years, after the island slipped into a recession in the first quarter.
Economy
Taiwan lowers 2023 GDP growth forecast to 2.04%
Export-dependent economy hit by sluggish demand for tech products
Trucks and containers at a port in Keelung, Taiwan. The island is a key hub in the global technology supply chain. © Reuters
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