IMF now predicting twice as big a recession for Taiwan in 2009.
It’s good to see the IMF are gradually catching up with this blog ^_^
From the Taipei Times:
In January 2009, the IMF predicted a 4% drop in Taiwan’s GDP in 2009.
Now, in April 2009, the IMF has just predicted a much worse drop of 7.5% in Taiwan’s GDP in 2009.
That’s a pretty big difference in just 3 months! I wonder what they will be predicting by the summer…
Meanwhile, they expect Singapore’s GDP to drop 10%…
Posted: April 24th, 2009 under Taiwan.
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