Global EditionASIA 中文双语Français
China
Home / China / Latest news

Taiwan lowers 2022 economic growth forecast to 3.75 pct

Xinhua | Updated: 2022-06-19 07:37
Share
Share - WeChat
The Taipei 101 skyscraper commands the urban landscape in Taipei, Taiwan. [Photo/Xinhua]

TAIPEI -- Taiwan's monetary policy authority has lowered the forecast for the island's economic growth this year to 3.75 percent.

Meanwhile, the authority lifted the growth rate of the consumer price index (CPI) to 2.83 percent.

According to the authority earlier this week, the adjustment came in light of the sluggish consumption and industrial recovery resulting from the COVID-19 epidemic.

The authority in March estimated that the island's economy would grow by 4.05 percent and CPI would rise by 2.37 percent year on year.

Statistics showed that Taiwan's CPI rose by 3.39 percent in May, the biggest gain in nearly a decade.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US