July to September was reported as the highest growth quarter since 2015
Taiwan News
Date: 2017/11/24
By: Duncan DeAeth, Taiwan News, Staff Writer
TAIPEI (Taiwan News) – Reports of Taiwan’s economic performance for 2017 appear to
Economic forecast (Image: Pixabay)
show positive growth, and sustained economic output.
Third quarter analyses across much of Asia were unexpectedly positive, according to Reuters news agency. In the case of Taiwan, the government has raised its expected GDP growth forecast from 2.11 percent to 2.58 percent.
Reportedly, private consumption is helping to maintain growth momentum, with Taiwan benefiting from the recent global tech boom. The economic forecast for expected GDP growth of 2018 has also been adjusted from 2.27 to 2.29 percent.
After a year of steadily improving 2017 GDP forecasts from 1.92 percent in February, to 2.05 percent in May, the most recent adjustment was made on Friday [FULL STORY]
