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Taiwan: Japan quake may cut economic growth


Taiwan: Japan quake may cut economic growth
Associated Press
Posted by Calvin Lee Ledsome Sr.,
Owner and Founder of: https://economicnewsblog.wordpress.com and http://LedSomeBioMetrics.com

TAIPEI, Taiwan (AP) — A senior Taiwanese official says the recent Japan earthquake may cut Taiwan’s economic growth by 0.2 percentage point this year.

Taiwan Premier Wu Den-yih said Tuesday that local industries are feeling repercussions from the disaster, but some Taiwanese liquid crystal display and semiconductor components makers have got more orders from Japanese clients following the quake.

“Our worst estimate is our economic growth will lose 0.2 percentage point over the quake, but our best assessment is the economy will not be affected as the extra orders Taiwanese companies have received will offset the negative impact,” Wu said.

Japan is Taiwan’s second biggest trading partner. Taiwan officials predicted before the quake the island’s economy will grow 4.9 percent in 2011.

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Calvin Ledsome Sr.,

Owner and Founder of:

Thank you for visiting, do come back for more news…
Warmest regards,

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