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Taiwan central bank cuts growth outlook, citing China tension uncertainties

Channel News Asia LogoChannel News Asia2 mo ago

Taiwan central bank cuts growth outlook, citing China tension uncertainties - Channel News Asia

Quick Summary:

TAIPEI :Taiwan's central bank on Thursday cut its growth forecast for this year, citing tensions with China as one of the economic uncertainties it faces, while raising its policy rate for the third time this year to help rein in inflation.

The bank said Taiwan's exports are unlikely to expand rapidly next year due to the global economic downturn.

The central bank again cut its 2022 estimate for gross domestic product (GDP) growth to 3.51 per cent from 3.75 per cent seen in June.


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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-22 @ 17:14:01 (2 months ago)

News Timezone: GMT +8:00

Ranking: #1582 (out of 3208 stories this day)

News Source URL: channelnewsasia.com

Language: English

Article Length: 645 words

Reading Time: 4 minutes read

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 470468

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About Channel News Asia

Channel News Asia Logo

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 68 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 49 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

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It's most recent story was published 49 minutes ago.

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