Written by Chin-fen Chang. As an export-driven economy, Taiwanese manufacturing has suffered a sharp drop in demands overseas during the first half of this year. Local businesses in Taiwan have also been affected by a lack of foreign tourists. Moreover, Taiwanese have been self-restrained in their consumption, suffering from income loss or concerning worse financial conditions to come in the near future. Labour markets also show significant job losses along with cutting regular earnings for those fortunately still on the payroll.
Taiwan Insight 