Economic growth to increase 3.35% in 2015: think tank

Focus Taiwan
Date: 2015/06/16
By: Chen Cheng-wei and Scully Hsiao

Taipei, June 16 (CNA) The Taiwan Research Institute (TRI), a private think tank, cut its forecast 201506160013t0001Tuesday for Taiwan’s economic growth this year to 3.35 percent, thanks to a weak recovery in the global economy.

In its latest forecast, it predicted that Taiwan’s economy will expand 3.35 percent, down slightly from 3.43 percent in its previous forecast made in December last year.

The institute attributed the decline to a weak economic recovery worldwide and weak exports and investment at home.

However, the think tank was upbeat about local consumption this year, as agricultural and industrial materials remain low, which is keeping commodity prices in check.     [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.