Taiwan raises forecast for 2020 GDP growth rate to 2.54%
Tsai Yu-tai (蔡鈺泰), head of the DGBAS' Department of Statistics, attributed the improved projection to a "much-better-than-expected performance" in exports.
Tsai Yu-tai (蔡鈺泰), head of the DGBAS' Department of Statistics, attributed the improved projection to a "much-better-than-expected performance" in exports.
President Mauricio Macri is seeking a deal with the IMF to accelerate a $50 billion loan program.
The new austerity measures, announced Monday, were prompted by a 16 percent slide in the value of the peso last week, bringing the local currency's losses to almost 50 percent against the dollar so far this year.