DBS raises growth projection for Taiwan economic growth

The China Post
Date: March 14, 2017

TAIPEI — DBS, a Singapore-based banking group, has upgraded its growth forecast for Taiwan’s 2017 gross domestic product (GDP) to 2.5 percent, citing improved exports since the beginning of the year.

However, Fitch Ratings has retained its estimate of 1.7 percent growth in 2017, saying household debt has been increasing in Taiwan.

In its latest forecast, DBS revised its December estimate of 2.1 percent GDP growth to 2.5 percent, saying that Taiwan’s exports, which account for about 60 percent of its GDP, have been recovering on solid global demand.

The DBS projection was more upbeat than that of the Taiwan government, which gave a 1.92 percent growth forecast in    [FULL  STORY]

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