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🇹🇼 Taiwan enters recession on weak worldwide demand for its electronics

Taiwan has fallen into recession, owing to a drop in global demand for consumer electronics and trouble in major world markets.

Taiwan’s Directorate-General of Budget, Accounting and Statistics estimated that the island’s economy shrank by 3.02% from January through March, year on year, and by 6.37% compared with the final three months of last year.

Experts say that broad-based weakness in external demand for Taiwan’s exports of electronic products and information and communication technology equipment would persist at least in the coming quarter. So, the negative trend related to Taiwan’s economy will continue.

Tech makes up 30% of Taiwan’s economy, and its factories ship nearly two-thirds of the world’s computer chips.

Taiwan

@asianomics

📌Americans are not ready to support Ukraine for more than two years – Brookings Institution

• 46% of Americans demand to limit assistance to Ukraine for one or two years;
• the number of Americans who believe that Ukraine will win has decreased to 26%;
• 33% of Americans believe that the current level of US support for Ukraine is unreasonably high;
• the return by Ukraine of all territories within the borders of 1991 as the main goal of supporting Kivv is approved by only 18% of respondents;

JUST IN – More than 110 nations are developing central bank digital currencies, says IMF chief.

JUST IN – More than 110 nations are developing central bank digital currencies, says IMF chief.

Inflation “uncomfortably above targets” and “not decelerating as quickly as thought,” says Kristalina Georgieva.

There may be “more vulnerabilities” in the banking sector, she added.

@disclosetv