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Taiwan cuts 2013 GDP growth forecast

(Xinhua)

19:27, May 24, 2013

TAIPEI, May 24 (Xinhua) -- Taiwan on Friday cut its 2013 GDP growth forecast to 2.4 percent from initially estimated 3.59 percent as faltering global recovery weighs on the island's economy.

The island's statistical authority also lowered the inflation forecast this year to 1.23 percent from previous forecast of 1.37 percent.

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