Economy

  1. Think tank raises Taiwan's 2020 GDP growth forecast

    Think tank raises Taiwan's 2020 GDP growth forecast

    The Chung-Hua Institution for Economic Research (CIER) has raised its forecast for Taiwan's economic growth in 2020 to 1.77 percent because of a pickup in economic activity as COVID-19 fears ease and spending vouchers are issued to consumers.

    Region:
    Asia
    Category:
    Economy
    Author/s:
    By Focus Taiwan
  1. UK sets out plan to boost economy amid coronavirus hit

    The chancellor says people are anxious about losing their job and unemployment rising. “We’re not just going to accept this,” he adds.
    Sunak says he is announcing a “plan for jobs” to protect, create and support employment.
    He says at the start of the crisis the government provided £160bn to cushion the economic fallout from the Covid-19 crisis and lockdown.
    Britain is entering the second phase of the government’s economic response, he says. The job responding to the crisis has “only just begun”, he adds.
    The chancellor says the government will put the public finances back on a “sustainable footing”, but he suggests this should be in future as Britain rebuilds.

    Region:
    Europe
    Category:
    Economy
    Author/s:
    By BBC, Reuters
    UK sets out plan to boost economy amid coronavirus hit
  2. US firms create record 4.8 million jobs in June

    The U.S. economy created jobs at a record clip in June as more restaurants and bars resumed operations, further evidence that the COVID-19 recession was probably over, though a surge in cases of the coronavirus threatens the fledgling recovery.

    Region:
    United States
    Category:
    Economy
    Author/s:
    By Reuters
    US firms create record 4.8 million jobs in June
  3. Taiwan forex reserves hit record high, remain No. 4 in world

    Data compiled by the central bank showed Taiwan's forex reserves as of May totaled US$484.52 billion, up US$2.73 billion from a month earlier, helping the country retain its position as having the fourth largest forex assets in the world.

    Region:
    Asia
    Category:
    Economy
    Author/s:
    By Focus Taiwan
    Taiwan forex reserves hit record high, remain No. 4 in world