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Taiwan economy to shrink almost 3% in 2009, says government agency

Bryan Chuang, Taipei; Steve Shen, DIGITIMES Asia Thursday 19 February 2009 0

Taiwan's economy will contract by 2.97% in 2009 compared to a mere 0.12% growth in 2008, according to the latest estimate by Taiwan's Directorate General of Budget, Accounting and Statistics (DGBAS). The island's economy shrank 8.36% in the fourth quarter...

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