Sun, Nov 11, 2012 - Page 8 News List

EDITORIAL: ICT decline sign of a larger malaise

However, an annual decline of 0.6 percent in consumer goods imports, after an 11.3 percent increase in September, is a strong reminder that private consumption could be a major drag factor on domestic demand.

Looking ahead, the ministry said exports for this month and next month could see modest growth because of seasonal demand and it did not rule out the contribution of a low-base effect. Late last month, the Directorate-General of Budget, Accounting and Statistics forecast that full-year exports could fall 2.5 percent to show the first contraction since the global financial crisis began, and the latest foreign trade data suggested prospects for Taiwan’s exports remain cloudy, and that the possibility of further downward adjustments to exports, as well as to GDP growth, exist.

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