STEADY GROWTH:An ADB report forecast GDP growth of 3.7 percent for this year, citing a positive outlook for exports, tourism and earnings from overseas investments
Date: Mar 25, 2015
By: Amy Su / Staff reporter
Taiwan’s consumer confidence index edged down 0.3 points to 101.7 this month from a record-high level last month, but the gauge remained above its average of 90.5 in the past year, according to a survey released yesterday by Australia and New Zealand Banking Group Ltd (ANZ) and Roy Morgan Research.
The above-100 reading reflected respondents’ optimism about the recent pickup in the domestic economy, ANZ-Roy Morgan said.
“The jobless rate in Taiwan fell to a 14-year low, while the stock market performed very strongly. All these bode well for Taiwan’s growth prospects,” Hong Kong-based ANZ senior economist Raymond Yeung (楊宇霆) said in a statement. [FULL STORY]