The Directorate-General of Budget, Accounting and Statistics (DGBAS) yesterday trimmed its forecast for the nation’s economic growth to 3.76 percent from an estimate of 3.91 percent in May, given slowing global trade and weaker export momentum.
It is the second time that DGBAS cut its prediction, after it lowered the figure to 3.85 percent last month. The 0.15 percentage point revision brings the forecast lower than those estimated by most think tanks.
“We have a mild revision because we found that most sectors still report stable growth rather than a drastic correction,” DGBAS Minister Chu Tzer-ming (朱澤民) told a news conference in
SECOND CUT: Despite the revised figures, exports are forecast to rise by 13.51 percent, while domestic investment should grow by 6.5 percent, DBGAS saidBy Kao Shih-ching / Staff reporter
Fresh avocados sourced from Kenya have already been stocked on the shelves of a fresh fruit wholesale market in East China. The tropical fruits, renowned for their medicinal and nutritional properties can be found at the Shanghai Huizhan Fruit and Vegetable Wholesale Market after undergoing phytosanitary and customs clearance. A…