Cabinet sets GDP growth target of 2.5-3% over next 4 years

Focus Taiwan
Date: 2017/02/02

Taipei, Feb. 2 (CNA) The Executive Yuan on Thursday approved a four-year economic

CNA file photo

development plan to increase growth in gross domestic product (GDP) to 2.5-3 percent over the next four years.

For 2017, the National Development Council (NDC) will target GDP growth of 2-2.5 percent, which is higher than a forecast from the Directorate General of Budget, Accounting and Statistics in November, which estimated grow of 1.87 percent for this year.

At a press conference to announce the 2017-2020 economic development plan, Executive Yuan spokesman Hsu Kuo-yung (徐國勇) quoted Premier Lin Chuan (林全) as saying the government considers the GDP growth target to be one of its major challenges.    [FULL  STORY]

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