torsdag 4. august 2016

How Bad Is Taiwan's Economy?

Many Taiwanese feel that the Taiwanese economy recently has been a disaster: low and stagnating wage rates, increasing income inequality, the hollowing out of domestic industries, and languishing exports. The new government of President Tsai Ing-wen came to power in May this year facing economic contractions for the past three quarters and a sharp decrease in exports for 16 consecutive months. Taiwan’s exports are expected to fall continuously for the rest of 2016. Read more