Slowing Economy Shows Taiwan Needs To Develop New Sectors: Economist

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By Devin Tsai/Staś Butler

Taiwan should diversify if it wants to invigorate its slowing economy, says Natixis's chief economist for Asia Pacific. Alicia García-Herrero says the country needs to look beyond its world-beating semiconductor sector to weather future downturns in demand. This follows the news that Taiwan's economy will grow by its slowest rate since the financial crisis.