Taiwan's Gross Domestic Product (GDP) fell 0.73% in the second quarter of 2020 compared to the same period in 2019 owing to the impact of the coronavirus pandemic.
ECCT directors give their predictions for the year ahead and what trends to watch
By Duncan Levine
Taiwan's Directorate General for Budgeting Accounting and Statistics (DGBAS) has revised its 2020 GDP forecast downwards by 0.7 percentage points to 1.67% to take into account the impact of the coronavirus pandemic.
The coronavirus pandemic is making people more cautious about going out and changing how and what they buy
By Mike Jewell
Based on an "advance estimate" by Taiwan's Directorate General of Budget Accounting and Statistics (DGBAS), Taiwan's real GDP rose by 2.73% in 2019 year on year (yoy), driven by strong activity in the fourth quarter of 2019.
The Chung-Hua Institution for Economic Research (CIER) has cut its forecast for Taiwan's gross domestic product (GDP) for 2020 to 1.03% to account for the impact of the coronavirus pandemic.
Taiwan's Directorate General of Budget, Accounting & Statistics (DGBAS) has cut its official 2020 forecast for Taiwan's Gross Domestic Product (GDP) by 0.11 percentage points to 1.56%, following lower than expected growth in the first half of 2020.
The International Monetary Fund (IMF) raised its forecast for Taiwan's gross domestic product (GDP) for 2020, on the grounds that Taiwan is performing better than most other countries at dealing with the health and economic impact of the Covid-19 pandemic.
While we are living in a VUCA world, the global economy is still growing at a reasonable rate of around 3%, powered by the United States and is now in the longest expansionary period on record (since June 2009), although it is weakening.
The Taiwan government’s Directorate General of Budget, Accounting and Statistics (DGBAS) has officially cut its forecast for gross domestic product (GDP) growth in 2020 to 2.37% in 2020, a downgrade from its earlier forecast of 2.72% made in November 2019, on fears that the spread of the 2019 novel coronavirus (Covid-19) will have an impact on both the domestic and international economy.
The EU has revised down its official growth forecast for 2020 to account for the drop in economic activity from the coronavirus pandemic.
The European Commission has adopted a banking package to help facilitate bank lending to households and businesses throughout the European Union.