Radio Taiwan International
Date: 2017-12-22
Taiwan’s economic growth for 2017 is estimated at 2.64%, while 2.43% growth is predicted
CIER is one of Taiwan’s top economic think tanks. (CNA photo)
for next year. That’s according to CIER, one of Taiwan’s top economic think tanks.
CIER’s analysts believe a steadily recovering global market and a lift in commodity prices helped boost Taiwan’s exports in the first three quarters of 2017. The growth is seen from a continuous increase in export orders and in the Procurement Management Index. They said the momentum will carry over to next year. However, growth may be slightly hampered by a higher base number and the Chinese economy, which is in a state of transition.
CIER senior analyst Chou Yu-tien said domestic consumption is estimated to grow by 2.12% next year, thanks to the government’s policy of increasing wages for public sector employees. Chou said domestic investment and exports are estimated to grow by 2.8% and 5.04%, respectively. [FULL STORY]