Taiwan economy to shrink 3.56% in 2009, says CIER

Taiwan`s export – oriented economy will decline by 3.56 percent this year in the wake of contractions in world trade, plunging private investment and rising unemployment, but will begin to revive in the fourth quarter and post 3.69 percent expansion in 2010, according to a new forecast by the Chung-Hua Institution for Economic Research (CIER).’<…more>

Publication Date：07/17/2009

Source： Taiwan News