Praise for hands-off stance
Article Abstract:
Financial analysts laud the Taiwanese government's hands-off policy on the stock market. Taiwan is now being affected by the continuing Asian crisis, but the government is not intervening like it did in 1996. The government issued a stock stabilization fund of $5.75 bil during the stock crisis of 1996, which aided the country into economic recovery. This time, however, the government is merely implementing moderate reforms such as short-selling restrictions and easement of margin rules.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Country's GDP growth exceeds economists' forecasts
Article Abstract:
Taiwan's GDP for the first quarter of 1998 rose 6% despite a decline in exports due to larger-than-expected increases in private investment. Taiwan's Directorate General of Budget, Accounting and Statistics which released the report, also predicts GDP to increase 6.18% for the full year. Private investment rates increased well above the 21% predicted by the government and economic growth is also being bolstered by higher consumption rates.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Overseas demand, growth are slipping, worrying Taiwan: almost immune to region's turmoil at first, the island is starting to feel pinch as exports slow
Article Abstract:
Taiwan is finally feeling the impact of the Asian crisis as foreign customers are buying less and exports are declining. According to private economists, the island's economic growth for 1998 would not surpass 5%, as opposed to 6.8% for 1997. In 1999, the Taiwanese economy could improve less than 4%, the lowest level in 25 years, hinging on how seriously the global economy degenerates.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Comment about this article or add new information about this topic:
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