Export Recovery Fuels Higher GDP Growth Optimism regarding Taiwan’s economy is rising alongside trade figures as the island continues to benefit from the ongoing recovery in the global economy. Nearly all of the local economic analytics firms have raised their forecasts for GDP growth for 2017, with Academia Sinica, Taiwan’s top academic research institution, coming…

Improvement Seen in 2017 Outlook Economists are increasingly bullish on Taiwan’s growth prospects through 2017, with three local forecasting organizations raising GDP growth projections to over 2% for the year. The Chung-Hua Institution for Economic Research (CIER) announced on April 19 that it had raised its forecast from 1.73% to 2.11%. “The stronger-than-expected momentum of…

Following Bloomberg’s relegation of Taiwan to its inglorious Recession Club for 2016, along with economic disappointments Ukraine, Russia, and Brazil, Deputy Minister Kao Shien-quey of the National Development Council sought to reassure the public that “this year should not be so bad.” She said she sees the economy as likely to bottom out in the…

GDP Growth Plummets on Falling Exports Economics is surely an inexact science, as indicated by the massive recalculation currently going on for Taiwan’s GDP growth forecasts for 2015. On August 14, the Directorate-General of Budget, Accounting and Statistics (DGBAS) slashed growth forecasts for the year from the 3.75% announced at year’s start to just 1.56%….