MORE INFRASTRUCTURE:DPP spokesman Chang Chih-hao said the government would keep improving the investment environment and increasing public spending
Date: May 05, 2017
By: Chen Wei-han / Staff reporter
The nation has experienced stable economic growth during the first year of President Tsai Ing-wen’s (蔡英文) administration, with the economy over the past year posting better numbers than in previous years, the Democratic Progressive Party (DPP) said yesterday.
The economy showed year-to-year declines in the third and fourth quarters of 2015 when then-president Ma Ying-jeou (馬英九) was in office, but Tsai turned a decline of 0.63 percent into 2.88 percent growth in the same period last year, the DPP said.
The economic indicators were “blue” for the 10 months from June 2015 to March last year during Ma’s administration, suggesting economic stagnation, while the indicators were “green” for the nine months from May last year to March, indicating steady economic development, it said.
There was a year-on-year decline of 12.1 percent in merchandise exports in the first quarter last year, but there was a 15.1 percent increase in the same period this year, it said. [FULL STORY]