Radio Taiwan International
Date: 2018-04-26

Top financial officials predict that Taiwan will see 2.42% economic growth this year. Heads of government financial agencies went to the legislature to report on the economy on Thursday.

Lawmaker Lai Shyh-bao expressed concern over the fall of the stock
market. The head of the government statistics office Tzer Ming-chu said
the economy is still looking good and should be able to see 2.42% growth.

Tzer said that domestic demand would be one of the driving forces of the economy. Lawmakers questioned if pension reforms in July would affect consumer behavior. But Tzer said that it shouldn’t make much of a difference since the reforms were gradual.

He also cited global factors such as US-China trade tensions and the rising of US interest rates as factors that Taiwan needs to keep a watch on.    [FULL  STORY]