Steep Growth Rate Projected For 2021 The Directorate-General of Budgeting, Accounting and Statistics has forecast economic growth of 5.88% for this year, which would be the highest growth rate Taiwan has achieved in 11 years. The private Chung-Hua Institution for Economic Research (CIER) announced a forecast of just a slightly lower 5.84%. In another strong…
Despite Export Drop, Growth Remains Steady The Taiwan economy saw declines in March in everything from housing sales to inflation to unemployment and exports. One thing that didn’t decline, however, was the economic growth forecast. The Chung-Hua Institution for Economic Research (CIER) raised its forecast for GDP growth in 2015 from 3.5% to 3.56%, based…
Economist John Anderson observed at a recent AmCham luncheon that the Taiwan economy in recent years has been a rather lackluster performer compared with regional peers, but on the other has avoided many of the financial problems besetting its neighbors, such as unsustainable credit booms and sharp currency depreciations, and delivers solid if unremarkable economic…
