Taiwan's GDP Growth May Be Trimmed
Source: Agencies |
March 30, 2011, Wednesday
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Print Edition
Print Edition
A senior Taiwan official yesterday said the recent Japan earthquake may cut the island province's economic growth by 0.2 percentage point from this year's forecast of 4.9 percent.
Wu Den-yih, head of Taiwan's executive authorities, said local industries are feeling repercussions from the disaster, but some liquid crystal display and semiconductor components makers in Taiwan have got more orders from Japanese clients following the quake.
"Our worst estimate is our economic growth will lose 0.2 percentage point over the quake, but our best assessment is the economy will not be affected as the extra orders Taiwan's firms have received will offset the negative impact," Wu said.
Japan is Taiwan's second-biggest trading partner.
Wu Den-yih, head of Taiwan's executive authorities, said local industries are feeling repercussions from the disaster, but some liquid crystal display and semiconductor components makers in Taiwan have got more orders from Japanese clients following the quake.
"Our worst estimate is our economic growth will lose 0.2 percentage point over the quake, but our best assessment is the economy will not be affected as the extra orders Taiwan's firms have received will offset the negative impact," Wu said.
Japan is Taiwan's second-biggest trading partner.
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