Taiwan's 2023 Economy Sees Slowest Growth in 14 Years
Taiwan's economy grew at the slowest rate in 14 years in 2023, something officials have blamed on weak investment and lower exports. They expect a comeback this year, though, forecasting higher than 3% economic growth.
Transcript
00:00 Taiwan's economy grew at the slowest rate in 14 years in 2023.
00:06 The government estimates GDP grew around 1.4 percent last year, down from nearly 2.6 percent
00:13 in 2022.
00:14 Officials say the drop was caused by weak investment on the part of government and private
00:19 companies and fewer exports.
00:22 Taiwan is an export-oriented economy.
00:25 Authorities are forecasting better growth this year at over 3%.