Date: November 13, 2015
Taiwan’s exports are expected to gain momentum in the first half of next year on the strength of an improving macro-environment, according to the latest Ifo World Economic Survey released Nov. 12. (CNA)
Taiwan’s economy is expected to pick up steam in the first half of next year on the back of an improving macro-environment, according to the latest World Economic Survey released Nov. 12.
In the report, Munich-based Institute for Economic Research (Ifo) rated Taiwan’s capital expenditure, overall economy and private consumption as “bad” in the fourth quarter of 2015, giving the country a less than satisfactory overall assessment.
During the same period, the global economic performance index dropped 6.3 points to 89.6, slightly below its long-term average, Ifo said, adding that the world economy is facing continuing uncertainty in the first half of 2016.
“Assessments of the current economic situation deteriorated only marginally, but expectations are far less positive than last quarter,” the think tank said. “The most urgent economic problems are insufficient demand and a lack of confidence in government policies. The world economy is seeing only moderate growth.”
The weakening of the economic climate in Europe, Latin America and North America is largely due to a less than positive outlook, according to the report. Meanwhile, both the economic situation and unfavorable projections caused the deterioration in Africa, Asia and the Middle East. [FULL STORY]