Taiwans economic growth this year has renovated to 1.61% is a new low in eight y

The latest economic prediction announced by the General Administration of Taiwan's Executive Yuan, renovated Taiwan's economic growth rate to 1.61 % this year, and wrote a new low in eight years.

According to the Taiwan China Times report, the General Computing Office of the Taiwan Executive Yuan announced the above forecast on Friday (August 18).Compared with the 2.04 % of the forecast in May, this prediction has been repaired by 0.43 percentage points, a new low in eight years.

Zhu Zemin, the head of the Taiwan Executive Yuan, analyzed that the global terminal market demand is weak, the industrial chain inventory adjustment time is extended, which affects Taiwan's export momentum;The utilization rate of circular semiconductors and memory body capacity has fallen to only 60%and 50%. When the enterprise has idle production capacity, investment will appear conservative, which also shows that private investment has been greatly repaired to 5.93%.

For the prosperity, Zhu Zemin said, do not just look at the annual growth rate of GDP in each quarter. If the adult rate of the quarterly increase (SAAR), the first quarter is 2.88%, but in the second quarterBy the fourth quarter, it was 5.62%, 11.33%and 7.31%, respectively, which means that the prosperity turned from the second quarter, and the economic situation in Taiwan could be described as "Liu Danhua Ming".

The General Administration Office of the Taiwan Executive Yuan also announced that the economic forecast next year is 3.32 %.Cai Yutai, Director of the General Statistics Department of the General Registration, said that private consumption is still the main force of contribution, and the domestic demand consumption of Taiwanese people has grown steadily;With the continuous expansion of emerging applications, it is predicted that Taiwan's goods exports are 459.4 billion US dollars (about S $ 624 billion), an annual increase of 5.9%, and private investment will increase by 3.55%.

The prices that the people are most concerned about by the people in Taiwan will predict that the consumer price index (CPI) will increase by 2.14%, and the forecast will drop to 1.58%next year, which is expected to be the lowest in the past four years.Zhu Zemin explained that the prices of major soybeans, wheat, and corn fell large, about 20%, and almost returned to the level before the Russia and Ukraine War. The average international oil price was 82.8 US dollars per barrel.Low low, slow inflation pressure.