Taiwan News
Date: 2017/12/31
By: Tsai Yi-chu and Evelyn Kao,Central News Agency
TAIPEI (CNA) — The broad consensus among economic think tanks is that Taiwan will
Taiwan’s economy to grow more than 2 percent in 2018. (By Central News Agency)
continue to grow at a slow but steady pace next year, with all of them projecting growth of 2-2.6 percent in 2018.
Taiwan’s economic performance in 2017 was better than expected, helped by steady global growth and rising international raw material prices, Taiwan’s official statistics agency, the Directorate-General of Budget, Accounting and Statistics (DGBAS), has said, pointing to steady growth and strong exports.
The country’s gross domestic product (GDP) growth in the first three quarters of 2017 was 2.66 percent, 2.13 percent and 3.11 percent, respectively, and Taiwan’s exports hit a record monthly high in November at US$28.88 billion, up 14 percent from a year earlier.
The November export figures marked the 14th consecutive month in which Taiwan’s outbound sales grew on a year-on-year basis, the Ministry of Finance (MOF) said, and it expected the growth trend to continue in 2018. [FULL STORY]
