World Economy

Taiwan Growth at 3.51%

Taiwan Growth at 3.51%Taiwan Growth at 3.51%

Taiwan’s economy grew 3.51% last year, slightly above the government’s earlier forecast of 3.43%, according to an advance estimate released by the Directorate General of Budget, Accounting and Statistics (DGBAS) Friday, CNA reported. In the fourth quarter of 2014, Taiwan registered a real gross domestic product growth of 3.17%, beating the DGBAS estimate in November of 2.83%, the office said. The DGBAS said that despite a series of food safety scares in Taiwan in the fourth quarter, the domestic economy remained stable and continued to grow, beating its forecast.