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