By: Tsai Yi-chu and Frances Huang
Taipei, Jan. 12 (CNA) HSBC, the London-headquartered banking group, said Friday that Taiwan is expected to continue to benefit from a global economic recovery and report a 2.3 percent increase in its gross domestic product (GDP) for 2018.
Fan Cheuk Wan (范卓雲), managing director of HSBC Private Bank and head of investment strategy for Asia, told the press in Taipei that exports are expected to keep pushing up Taiwan’s GDP growth this year on the back of global demand.
However, the 2018 estimated figure will be eclipsed by an expected 2.5 percent increase for 2017, Fan said. [FULL STORY]