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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Taiwan's 2009 per capita GNP to drop below 18,000 US dollars: report AFP - 36 minutes ago TAIPEI (AFP) - - Taiwan's 2009 per capita gross national product (GNP) is forecast to decline year-on-year -- only the fourth drop since the 1970s -- due to the global economic slowdown, it was reported Sunday. Taiwan's per capita GNP is predicted to fall from 18,020 US dollars of 2008 to 17,651 US dollars next year, the Taipei-based Commercial Times reported, citing tallies compiled by the island's top government budgeting body, the Directorate General of Budget, Accounting and Statistics. Taiwan's gross domestic product fell 1.02 percent in the third quarter in the first such decline in five years due to weak spending and investment, the government said Thursday. The figures compared with a previous estimated increase of 3.04 percent, in the first year-on-year contraction since the second quarter of 2003, according to government data. To keep the economy from skidding into recession next year, the government has launched a string of initiatives aimed at boosting investment and spending, including an economic stimulus package worth 5.6 billion US dollars. Taiwan's economy is forecast to grow 2.12 percent in 2009, according to the budgeting body. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy Japan seeks China's contribution to IMFAFP - 16 minutes ago Taiwan's 2009 per capita GNP to drop below 18,000 US dollars: reportAFP - 36 minutes ago Japan ready to take more stimulus measures: ministerAFP - 1 hour 6 minutes ago Property investors look East for hope amid economic crisisAFP - Sunday, November 23 Related Articles: Business Japan seeks China's contribution to IMFAFP - 16 minutes ago Taiwan's 2009 per capita GNP to drop below 18,000 US dollars: reportAFP - 36 minutes ago Japan ready to take more stimulus measures: ministerAFP - 1 hour 6 minutes ago Kuwait's NBK gets share buyback approval, stock upReuters - 1 hour 29 minutes ago S.Korea officials say still have policy optionsReuters - 1 hour 30 minutes ago Enlarge Photo Taiwan's 2009 per capita GNP to drop below 18,000 US dollars: report Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Merkel warns 2009 will be 'year of bad news' for economy Over 200 narwhal trapped in Canadian ice New strain of deadly Ebola virus discovered Wall Street plunges again as panic spreads Aussie mayor wins sexist 'award' for inviting ugly women to town View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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