Taiwan says hard to achieve 1% GDP growth in 2015 as economy shrank in Q3

[TAIPEI] Taiwan's chief statistics agency said on Thursday it would be difficult for the island's economy to achieve 1 percent growth in 2015, as third-quarter GDP shrank, Taiwan's Central News Agency reported.

Directorate General of Budget, Accounting and Statistics'Minister Su-mei Shih made the comment at the legislative council.

In August, the official agency revised down the 2015 gross domestic product estimate to 1.56 per cent from 3.28 per cent, the lowest in six years.

REUTERS