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TEHRAN, Feb 11 -Taiwan’s exports are expected to have contracted 2.93 percent in January from a year earlier, according to the median forecasts of 14 analysts polled by Reuters.
TEHRAN, Young Journalists Club (YJC)-The trade-reliant island’s exports dropped 3 percent in December from a year earlier.
Taiwan is one of Asia’s major exporters, especially of technology goods, and its export trend is a key gauge of global demand for technology gadgets worldwide.
Taiwan’s annual inflation rate in January likely increased to 0.4 percent from a mild contraction of 0.05 percent the previous month, the poll showed.
Export orders in December had suffered their steepest fall in more than two and a half years, increasing concerns about global demand for the electronic gadgets pivotal for Taiwan’s economy.
Source: Reuters
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