Taiwan GDP to Grow 1.5-2%

Fitch Ratings, one of the world’s leading rating agencies, has forecast that Taiwan’s gross domestic product will grow at a pace of 1.5% to 2% over the next two years, CNA reported. In a statement released on Sunday, the rating agency said that GDP growth in Taiwan is expected to speed up in 2017-2018 from an estimated 1% in 2016. The forecast is in line with the expectations of Taiwan’s government, which has said the local economy will benefit from a recovery in global demand boosting exports, although Fitch remained more cautious about Taiwan’s economic growth in 2016.