The value of shipment orders placed to Taiwan fell by nearly a quarter last month, year on year. Photo: AFP
The value of shipment orders placed to Taiwan fell by nearly a quarter last month, year on year. Photo: AFP

Why is Taiwan’s biggest order decline since 2009 an ominous sign for global economy heading into 2023?

  • The tech powerhouse hasn’t seen demand for its goods fall this sharply since the global economic crisis
  • ‘Pretty awful’ retail sales in developed countries help drive a months-long decline in export-reliant Asian economies, including South Korea

The value of shipment orders placed to Taiwan fell by nearly a quarter last month, year on year. Photo: AFP
The value of shipment orders placed to Taiwan fell by nearly a quarter last month, year on year. Photo: AFP
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