Radio Taiwan International
Date: 2017-11-30

The National Development Council (NDC) has set a new target for Taiwan’s economy in

2018. This includes GDP growth of between 2.4% and 2.6% and a sub-3.8% unemployment rate.(CNA file photo)

The National Development Council (NDC) has set a new target for Taiwan’s economy in 2018. This includes GDP growth of between 2.4% and 2.6% and a sub-3.8% unemployment rate.

The target for GDP growth is close to the estimate from the government’s statistics office, set at 2.29%. Chen Mei-ling, the Council’s director, said their conservative target is based on the lukewarm outlook for next year’s exports and domestic consumption.

The NDC also sets its forecast for public investment and consumption at 3.36% and 2.29%, respectively. Both figures are slightly more optimistic than the statistics office. The council said the number is based on the government’s push for the forward-looking infrastructure plan and the relaxing of investment regulations.    [FULL  STORY]