National Development Council (NDC)
August 12, 2019
According to latest quarterly World Economic survey
released today, ifo World Economic Climate indicator declined from -2.4 to -10.1 points in the third quarter 2019. Both the assessment of the current situation and expectations dropped significantly. The ifo said, the intensification of the trade conflict is having a considerable detrimental effect on the world economy.
In Taiwan, the experts’ assessment of current economic situation has improved slightly. In contrast, the expectations for the coming months have dropped, the government will be closely monitoring the economic situation.