TOUGH TIMES:The minister of economic affairs admitted to the legislature that there is not much the ministry can do to boost economic growth in the short term
Date: Sep 25, 2015
By: Lauly Li / Staff reporter
Minister of Economic Affairs John Deng (鄧振中) yesterday said it would be difficult for the nation to maintain its GDP growth rate above 1 percent this year, after the latest economic data showed the economy remained sluggish last month.
Last month, the Directorate-General of Budget, Accounting and Statistics (DGBAS) forecast that the nation’s GDP would increase by 1.56 percent this year from last year.
“Given the challenging global environment, of course it will be difficult, but the ministry will do whatever it can to reach that goal,” Deng told lawmakers during a meeting of the Economics Committee at the legislature in Taipei. [FULL STORY]