GDP can grow 2.1% next year: Fubon

LACKLUSTER:China, the main destination for Taiwanese exports, could see its GDP growth slow further, causing challenges for raw material prices and outbound orders

Taipei Times
Date:  Dec 01, 2015
By: Crystal Hsu  /  Staff reporter

The nation’s export-oriented economy could expand a mild 2.1 percent next year, as advanced markets undergo a small recovery, while emerging markets avoid a hard landing, Fubon Financial Holding Co (富邦金控) said yesterday.

There is no evident concern or excitement on the horizon next year, when the economies in the US, Europe and Japan may grow 2.4 percent, 1.6 percent and 0.8 percent respectively, Fubon Financial said in a report.

China, the main destination for Taiwanese exports, could continue to slow with GDP growth of 6.6 percent, creating further challenges for raw material prices and outbound shipments, the nation’s second-largest financial services provider said.     [FULL  STORY]

Leave a Reply