(Taipei News) The General Region of the General Planning of the Taiwan Executive Yuan announced the latest economic forecast on Friday (August 18) that Taiwan ’s economic growth rate for the whole year this year was 1.61 %, which is a new low in eight years.
According to the China Times, the prediction was 0.43 percentage points compared to 2.04 % of the forecast in May.Zhu Zemin, the chief of the Taiwan Executive Yuan, analyzed that the global terminal market demand is weak and the regulating time of the industrial chain inventory has been extended, all of which affect Taiwan's export kinetic energy.
Although the economic growth rate is repaired, Zhu Zemin said that if the Seasonally Adjusted Annual Rate (Saar) from the quarterly increase rate (Saar), the second quarter of this year has risen from negative to 5.62 %.It is estimated to reach 11.33 %, which means that the economic situation will gradually turn better.
