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TIER issues GDP downgrade for 2009 |
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With expected rebound in the 4th quarter of 2009 |
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Taiwan’s export sector for June continues to decline despite sequential easing on global downturn. June exports figure totalled USD 16.95 billion or a 30.4% decline year-on-year. Import figures for June reflected the fall in export demands. A combination of a fall in of intermediate goods imported as well as decline in commodity prices have translated to a 33.5% import fall year-on-year, or USD 15.18 billions with a trade surplus of USD 1.76 billions. Cumulative trade surplus for the first half of 2009 surged forward by 93.1% YoY, or a total of USD 15.53 billion. While exports have seen contraction for the 10th month running, the pace of the sequential contraction is easing...Read more
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