Following Bloomberg’s relegation of Taiwan to its inglorious Recession Club for 2016, along with economic disappointments Ukraine, Russia, and Brazil, Deputy Minister Kao Shien-quey of the National Development Council sought to reassure the public that “this year should not be so bad.” She said she sees the economy as likely to bottom out in the…

GDP Growth Plummets on Falling Exports Economics is surely an inexact science, as indicated by the massive recalculation currently going on for Taiwan’s GDP growth forecasts for 2015. On August 14, the Directorate-General of Budget, Accounting and Statistics (DGBAS) slashed growth forecasts for the year from the 3.75% announced at year’s start to just 1.56%….