Radio Taiwan International
Date: 2017-07-20

The National Development Council (NDC) has expressed an optimistic outlook for Taiwan’s economy for the second half of 2017.

Briefing the Cabinet on Thursday, the NDC said many factors are favorable for the remainder of the year. They include economic recovery in the United States, Japan, and the European Union, a diminishing effect of trade protectionism, and the government’s increasing investment in infrastructure.

The NDC cited the government statistics office’s GDP growth projection, which was recently raised to 2.05% for the year. The NDC said exports have shown growth for the last nine consecutive months, and electronics have performed strongly. It said all these factors are positive signs for the nation’s economy.    [FULL  STORY]