REVISION: The agency’s boss said he was optimistic that the economy will continue its ‘current course of stable expansion,’ although exports are likely to rise at a slower pace
Date: Feb 14, 2018
By: Crystal Hsu / Staff reporter
The Directorate-General of Budget, Accounting and Statistics (DGBAS) yesterday raised its forecast for GDP growth this year to 2.42 percent, from the 2.29 percent increase it projected in November last year, citing a fair global economic landscape.
The revision came after the nation’s economy expanded 2.86 percent last year, DGBAS Minister Chu Tzer-ming (朱澤民) said.
“I am optimistic that the economy will continue its current course of stable expansion” as global GDP is likely to grow faster than last year, Chu told reporters.
The uptrend bodes well for demand for semiconductor and machinery products, he said. [FULL STORY]