87085
Taiwan Growth Forecast Upgraded to 2.6%
Taiwan Growth Forecast Upgraded to 2.6%

Taiwan Growth Forecast Upgraded to 2.6%

Taiwan Growth Forecast Upgraded to 2.6%

The directorate general of budget, accounting and statistics said Friday that it has raised its forecast for Taiwan’s gross domestic product growth for 2018 to 2.6% after the country made a strong showing in the first quarter, CNA reported. The DGBAS said the latest GDP growth forecast was 0.18 percentage points higher than its previous estimate made in February. The move by the DGBAS to upgrade its forecast for 2018 reflected the stable pace of global economic growth, which boosted Taiwan’s export-oriented economy, the agency said, citing a forecast by IHS Markit of a 3.4% increase in the global economy this year, a new high since 2011. In the first quarter, Taiwan’s economy grew 3.02% compared with an anticipated increase of 2.77% forecast in February in the wake of strong export performance and growing private consumption, the DGBAS said. However, the first-quarter figure was slightly lower than a preliminary reading of 3.04% in early April. The DGBAS said Taiwan’s GDP is expected to grow 3.08%, 2.33% and 2.03% in the second, third and fourth quarters of this year, respectively.

 

Short URL : https://goo.gl/wppmWo
  1. https://goo.gl/3Vge75
  • https://goo.gl/Q3T1RR
  • https://goo.gl/H73d1p
  • https://goo.gl/vECcp1
  • https://goo.gl/gH6Yc8

You can also read ...

Lower-income families, already pinching pennies, are most exposed, given the likelihood of tariff-related price increases on everyday items.
China canceled trade talks with the US and will no longer send...
Apple Begins Selling IPhone XS, XS Max Worldwide
Apple’s newest iPhone XS went on sale worldwide Friday as...
Dairy Exports Hinder US-Canada Deal
One of the last remaining points of contention in the trade...
EU foreign affairs chief Federica Mogherinia (L) and Transport Commissioner Violeta Bulc present the proposal  for an EU strategy for connecting Europe and Asia.
While European Union leaders were in the middle of another...
Turkey, Venezuela Plan to Use Local Currencies
Turkey and Venezuela are eager to use local currencies in...
Japan to Resist New Auto Tariffs
The Japan-US ministerial-level trade talks scheduled on Monday...
Pakistan Seeks  to Increase  Exports to China
In a positive development, an important mission from China is...
Taiwan Consumers More Upbeat on Economy
Confidence in Taiwan’s economy edged higher in September after...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus