Taiwan passes $2 billion package to soften coronavirus hit to economy

Taiwan passes $2 billion package to soften coronavirus hit to economy
  • Clock-gray 11:10
  • calendar-gray 25 February 2020

Taiwan’s parliament approved a T$60 billion ($2 billion) package on Tuesday to help cushion the impact of the coronavirus outbreak on its export-reliant economy, APA reports citing Reuters.

The package includes loans for small businesses and even vouchers to spend on food at night markets.

Taiwan, whose largest trading partner is China, cut its estimate for 2020 economic growth this month, as the outbreak threatens to hit its economy, which is a key part of the global electronics supply chain.

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