According to latest quarterly World Economic survey released today, ifo World Economic Climate indicator declined from -10.1 to -18.8 points in the fourth quarter 2019. Both the assessment of the current situation and expectations dropped significantly as the global economy continues to cool.
In Taiwan, both the assessment of the current situation and expectations has improved. The government will be closely monitoring the economic situation.
ifo World Economic Climate
| |
2017Q4 |
2018Q1 |
2018Q2 |
2018Q3 |
2018Q4 |
2019Q1 |
2019Q2 |
2019Q3 |
2019Q4 |
| Climate |
17.1 |
26.0 |
16.5 |
2.9 |
-2.2 |
-13.1 |
-2.4 |
-10.1 |
-18.8 |
| Situation |
17.2 |
28.3 |
27.4 |
17.5 |
12.2 |
2.6 |
1.4 |
-5.4 |
-16.4 |
| Expectations |
16.9 |
23.9 |
6.1 |
-10.6 |
-15.7 |
-27.7 |
-6.1 |
-14.7 |
-21.1 |
| Source: ifo World Economic Survey (WES) IV/2019. |
Economic Situation and Expectations
 |
| Source: ifo World Economic Survey (WES) IV/2019. |
Results of the WES for Taiwan(Present judgement)
 |
| notes：The WES is a qualitative survey. The respondents only need to answer the questions of "good", "satisfactory" and "bad" for the questions. The balance is the difference share between positive assessment responses and negative assessment responses. |
| Source：ifo World Economic Survey (WES) IV/2019.The October 2019 survey received responses from 16 experts in Taiwan. |
Results of the WES for Taiwan(Expectations for the 6 months)
 |
| notes：The WES is a qualitative survey. The respondents only need to answer the questions of "better/higher", "about the same" and "worse/lower" for the questions. The balance is the difference share between positive assessment responses and negative assessment responses. |
| Source：ifo World Economic Survey (WES) IV/2019. The October 2019 survey received responses from 16 experts in Taiwan. |