Home Update Taiwan 1Q19 financial progress estimated at 1.71%

Taiwan 1Q19 financial progress estimated at 1.71%

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Taiwan’s financial progress for first-quarter 2019 is estimated at 1.71%, 0.01pp decrease than the 1.72% preliminarily estimated in April 2019, in response to the Directorate General of Budget, Accounting and Statistics (DGBAS).

The adjustment in forecast for 2019 financial progress has taken under consideration the impression of the US-China commerce disputes on Taiwan-based producers who obtain orders in Taiwan however undertake manufacturing in China for exports to the US, DGBAS indicated.

DGBAS: Taiwan financial progress, 2019

Economic progress

On-year CPI enhance

GDP per capita

GNI per capita

2018(e)

2.63%

1.35%

US$25,026

US$25,501

1Q19(e)

1.71%

0.33%

US$6,133

US$6,298

2019(f)

2.19% (down from 2.27% forecast in Feb 2019)

0.71%

US$24,827

US$25,360

Source: DGBAS, compiled by Digitimes, May 2019



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