Economy up 3.46%, but misses forecast

DISAPPOINTING:The DGBAS attributed the lackluster performance to poor private investment and government spending, which dipped 1.2% and 2.5% respectively

Taipei Times
Date: May 01, 2015
By: Crystal Hsu  /  Staff reporter

The economy grew 3.46 percent year-on-year last quarter on the back of exports, but missed the government’s forecast of 3.5 percent due to weak private investment and fiscal spending, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.

The expansion, while better than the 3.35 percent increase three months earlier, translated into a parlous 0.27 percent gain on a seasonally adjusted basis, slowing from 1.17 percent in the preceding quarter, the DGBAS said in a report.     [FULL  STORY]

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