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Investing.com -- Taiwan’s economy is expected to grow at a marginally slower rate in 2025 due to potential uncertainties over U.S. tariffs.
The country’s gross domestic product (GDP) for the current year is now projected to increase by 3.1%, a slight revision from the 3.14% forecast made in February, according to the statistics agency on Wednesday.
The agency has also revised its expectations for the country’s exports this year, predicting an 8.99% growth, up from the previously forecasted 7.08%.
The GDP for the first quarter of this year has expanded by 5.48%, a slight increase from the preliminary reading of 5.37%.
In addition, the statistics agency has reduced the consumer price index (CPI) forecast for 2025 to 1.88%, a decrease from the previous prediction of 1.94%.
The CPI is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.
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