Taiwan expects 2% GDP growth as IMF forecasts 1.7% for 2017

Focus Taiwan
By: 2017/04/18
By: Huang Li-yun and Elizabeth Hsu

Taipei, April 18 (CNA) The Ministry of Economic Affairs (MOEA) expects Taiwan to see a gross domestic product (GDP) growth of over 2 percent this year, even though the International Monetary Fund (IMF) has maintained its economic growth forecast for Taiwan at 1.7 percent in 2017 and 1.9 percent in the following year.

The ministry expressed optimism Tuesday toward a recovery this year, given that Taiwan has reported export growth for six months in a row and a growth in export orders for seven consecutive months.

As for the first quarter of the year, every walk of life performed well, the MOEA said. With the iPhone 8 to be launched this year, the ministry said it expects growth in the related supply chain.    [FULL  STORY]

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