“Winter Is Coming”: Taiwan Export Slowdown Implies Darkening Clouds For Global Economy (Zero Hedge) ‘Winter Is Coming,’ Taiwan Warns as Exports Slow to a Crawl (Bloomberg)
- Imports also decelerated, rising by 3.5% in August, compared to a 19.4% expansion in July. Economists were anticipating an 8.7% rise. Beatrice Tsai, the Ministry of Finance’s chief statistician, said the trade slowdown suggests “winter is coming.” She outlined how double-digit export growth in the third quarter is unlikely, adding September exports could contract by 3% versus a year ago. Taiwan’s dominance in semiconductor fabrication is a good barometer of global chip demand. ZERO HEDGE BLOOMBERG
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