Macroeconomic Forecast Taiwan

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BMI is currently forecasting growth for Taiwan this year at 4.0%, despite the disappointing growth in the first quarter of 2.5% y-o-y. The poor outlook is based on a number of factors, including: high oil prices; slower import growth in China; lower growth in the US, and most importantly, a significant slowdown in demand for IT products, which is expected to hit Taiwan especially hard