Taiwan Cuts GDP Growth Forecast as Global Headwinds Intensify

Taiwan faces several headwinds this year, including waning worldwide demand for electronics and semiconductors — critical exports for the economy. Warning signals from China and the US, Taiwan’s two largest export markets, are also weighing on the outlook. An economic slowdown in the US has sparked recession talk, while the Chinese economy has struggled with ongoing Covid outbreaks and lockdowns, as well as a property crisis. 

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