NDC sets GDP at 2.7%, indicating turnaround

LINGERING FACTORS:The nation’s economic growth uncertainty is overshadowed by the so-called Chinese ‘red supply chain’ that is dampening Taiwan’s technology sector

Taipei Times
Date:  Dec 22, 2015
By: Ted Chen  /  Staff reporter

The National Development Council (NDC) yesterday set its annual GDP growth target for next year between 2.1 percent and 2.7 percent, indicating that the nation’s economy is improving after this year’s weakness.

Taiwan’s economy is expected to grow at an annual rate of 1.06 percent this year, the Directorate-General of Budget, Accounting and Statistics (DGBAS) predicted.

The upper limit of the GDP growth forecast would be achievable if downside risks arising from uncertainties over the international economy are minimal and if government stimulus policies have the intended effect, NDC director-general of overall planning Connie Chang (張惠娟) said.     [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.