TURNING THE CORNER?Exports are expected to grow 2.93 percent to NT$2.89 trillion next year, compared with a downturn of 10.37 percent this year, CIER said
Date: Dec 15, 2015
By: Crystal Hsu / Staff reporter
The Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) yesterday forecast the economy would grow by 2.24 percent annually next year, from a predicted 0.93 percent this year, suggesting a modest pickup in both domestic and external demand led by markets in developed countries would boost the nation’s recovery.
Its estimate comes even though companies in a variety of sectors have forecast weakening profits for the first half of next year compared with the second half of this year, the Taipei-based think tank said.
“We expect GDP growth to be stronger next year on the back of an improving global economy,” CIER researcher Peng Su-ling (彭素玲) said. [FULL STORY]