By: Hao Xue-qing and Lauren Hung
Taipei, March 12 (CNA) Taiwan’s economy will bottom out in the second
quarter of this year and will begin to rebound in the third quarter, according to a forecast by a local business leader.
Lai Cheng-i (賴正鎰), chairman of the General Chamber of Commerce of the Republic of China, said he has a positive outlook on the domestic economy as the global economic situation has been improving.
In addition, the new administration of President-elect Tsai Ing-wen’s (蔡英文) is expected to take measures to revitalize Taiwan’s economy when she assumes office in May, Lai said. [FULL STORY]