World Economy

Taiwan Economic Growth

Taiwan Economic GrowthTaiwan Economic Growth

The Taiwan Research Institute (TRI) revised upward its projection for the country’s economic growth in 2014, due in part to an improving labor market and a recovery in domestic consumption, Focus Taiwan reported. TRI forecast that Taiwan’s GDP will further expand by 0.07 percentage points to 3.43 percent next year thanks to a decline in global oil prices and other raw materials.