Taiwan announces stimulus steps to boost consumption after poor GDP data

Published Fri, Oct 30, 2015 · 03:05 AM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    [TAIPEI] Taiwan government on Friday announced a stimulus package to help boost domestic consumption, after the island's export-driven economy contracted for the first time in six years in the third quarter.

    The cabinet said in a briefing the package could add T$15.4 billion (US$480 million) to GDP, but didn't elaborate on the timeframe.

    REUTERS

    Copyright SPH Media. All rights reserved.