Thu, Jan 29, 2009 - Page 6 News List

Citigroup downsizes its 2009 outlook for Taiwan

FORECASTThe US bank said the Taiwanese economy would shrink 4 percent, 1.5 percent and 0.1 percent in the first three quarters respectively, before bouncing back

By Kevin Chen  /  STAFF REPORTER

“For emerging economies, 2009 is likely to be the worst year of growth performance since the crisis of 1998. For the global economy as a whole, this is likely to be the worst year for growth in almost 60 years,” the report said.

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