Standard Chartered projects slow Taiwan GDP growthBy Kao Shih-ching / Staff reporterStandard Chartered Bank Taiwan Ltd (渣打台灣銀行) yesterday forecast that the economy would grow 3.3 percent next year, following an expansion of 1.8 percent this year. Standard Chartered Bank Taiwan Ltd economist Tony Phoo is pictured in his office in Taipei on Dec. 15, 2016. Only when people feel safe and resume their consumption, the global economy will return to the pre-pandemic level,” he said. The prediction came in contrast to the DGBAS’ forecast that private investment would increase by a healthy 3.19 percent next year. The US-China trade tensions would be another potential risk for Taiwan’s economy, Phoo said.

Source: Taipei Times December 09, 2020 15:56 UTC