RealNews

Taiwanese economy slumps into recession

Taiwan’s economy slumped 8.36 percent during the last three months of 2008, the government said Wednesday. The island’s economy spiraled into recession with its second straight quarter of economic losses. For the third quarter of 2008, Taiwan’s real gross domestic product (GDP), adjusted for inflation, slipped about 1 percent, according to the Directorate General of Budget, Accounting and Statistics. Full Story

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