Focus Taiwan: Taiwan’s government revises 2019 GDP growth up to 2.64%

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Taipei, Nov. 29 (CNA) The government on Friday raised its forecast for Taiwan’s 2019 economic growth rate to 2.64 percent, up 0.18 percentage points from its prediction made in August, despite a weakening global economy.

The Cabinet-level Directorate General of Budget, Accounting and Statistics (DGBAS) also forecast that the local economy will expand 2.72 percent in 2020, up 0.14 percentage points from its previous forecast.

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