Taiwan's 2019 economic growth forecast lowered to 2.08 pct
Take me away, mom Animals on the Road	“Water Margin” on eggs Cat the occupier Adorable animals pose like stars Cuddle up together, battling against blizzard Sunshine in the life

 

Taiwan's economic expansion in 2019 is expected to further slow amid growing uncertainties in the global economy, a local think tank said.

The Taiwan Research Institute has cut its forecast for the island's economic growth rate in 2019 to 2.08 percent from the 2.34 percent projected in December.

Taiwan's private consumption this year is forecast to grow by 1.98 percent, while private investment is likely to grow by 4.19 percent.

Cross-Strait relations and execution of the local budget will also weigh on the island's economy in the second half of this year, said the think tank.

Author： 　　　Source：xinhua　　　 Editor：Yang Fan