T&A: DigiTimes.com reported that Taiwan’s economy will shrink by 2.97% in 2009, on the back of a 0.12% growth in 2008. This according to a report by the Taiwan’s Directorate General of Budget, Accounting and Statistics (DGBAS).

Last year’s fourth quarter decline was a staggering 8.36%, the largest ever for a quarter and investment firms are predicting major contractions in 2009 due to a drop in exports. (Editor opinions: 4)

Paolo Manzano, Managing Editor, HWM Philippines

Paolo (HWM PH): On an editorial perspective, it may mean delayed launches as manufacturers struggle to get rid of inventory. We should be able to see it best at this year’s Computex, which I am sure will be one of the more muted editions of the show yet. (more…)