Taiwan economy contracts by record 10% in 1Q09; exports slip

Press release; Jessie Shen, DIGITIMES Asia 0

Taiwan's economy shrank by a record 10.24% in the first quarter of 2009, with the manufacturing sector down 28.6%, according to data released by Taiwan's Directorate-General of Budget, Accounting, and Statistics (DGBAS). Seeing the squeeze in gross...

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