The China Post
Date: December 23, 2016
By: The China Post news staff and CNA
TAIPEI, Taiwan — Taiwan’s economy is expected to grow at a slightly higher rate next year compared to
Taiwan’s economy is expected to grow at a slightly higher rate next year compared to 2016, Taiwan’s top research body said.
2016, Taiwan’s top research body said.
Academia Sinica’s Institute of Economics forecast that the economic growth rate for 2017 will be 1.68 percent. According to the forecast, economic performance in developed and developing countries, as well as emerging markets, will stabilize, which will fuel the country’s exports and investment.
The research body forecast that the real economic growth rate for 2016 will be 1.23 percent.
Academia Sinica, the nation’s highest academic research organization, said in a report on the economic outlook for 2017 that the domestic economy in the first half of 2016 did not show remarkable improvement.
But exports rebounded in the second half of the year, buoyed by demand for smart products, which led to investment by the nation’s manufacturing industry. [FULL STORY]
