Taiwan authorities lower this year's GDP growth rate to 2.04%, the lowest in eight years.

The Taiwan authorities lowered this year's GDP growth rate to 2.04%, the lowest in eight years. The Taiwan authorities'"General Accounting and Accounting Office" recently released the latest economic forecast, which shows that the GDP growth rate in 2023 will be 2.04%, 0.08 percentage points lower than the February forecast of 2.12%, and the lowest level in nearly eight years. Taiwan authorities said that inflation, interest rate hikes and other factors continue to affect global terminal demand, and the slowdown in global economic growth and the cooling of foreign trade momentum are the main reasons for revising the economic growth forecast this time. The "General Accounting Office" also predicts that the inflation situation on the island this year is still grim.