Taiwan’s economy is in the spotlight after five presidential hopefuls from the opposition KMT prepare to meet for a televised debate Thursday.
As the KMT heavyweights prepare to have their say on economic issues, the economics ministry put out a press release highlighting the economic progress the current DPP administration has achieved.
In the press release, the ministry said that Taiwan’s economic growth rate has gone up since President Tsai Ing-wen came to office in 2016. The growth rate went from 0.81% in 2015 to 3.08% in 2017. The economy has also proved resilient in the face of the US-China trade war, holding up with a 2.63% growth rate last year.
In addition, the ministry said that Taiwan had the second-highest growth rate of the Asian tiger economies during the first quarter of this year. [FULL STORY]