Economy to Lose Steam in 2H: Academia Sinica
3 Articles
3 Articles
Academia Sinica cuts Taiwan's GDP growth forecast on U.S. tariffs - Focus Taiwan
Taipei, July 4 (CNA) Academia Sinica, Taiwan's top research institution, has lowered its forecast for Taiwan's gross domestic product (GDP) in 2025 to below 3 percent, citing uncertainties caused by the United States' haphazard tariff policies.
The Academia Sinica Economics Institute released its economic growth forecast for this year on the 4th, which was revised down by 0.17 percentage points to 2.93%, failing to "maintain 3". The Academia Sinica said that the economy performed well in the first half of the year, but was limited by the high uncertainty of the US tariff policy and the possibility that global demand would weaken due to the tariff effect. The growth momentum of domestic…
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