Taiwan sets 2021 economic growth target at 9-year high of 4.2%

Pandemic, US-China trade war, exchange rates could still disrupt optimism: NDC

Taiwan News
Date: 2020/12/29
By: Matthew Strong, Taiwan News, Staff Writer

The NDC slaps a target of 4.2 percent on economic growth for 2021  (CNA photo)

TAIPEI (Taiwan News) — The economy could grow in 2021 by up to 4.2 percent, a nine-year, high despite the coronavirus (COVID-19) pandemic, the Cabinet-level National Development Council (NDC) predicted Monday (Dec. 28).

A combination of a global post-pandemic recovery, surging domestic demand, and the continuation of national investment programs would likely help Gross Domestic Product (GDP) to grow by a range from 3.8 percent to 4.2 percent, the NDC said.    [FULL  STORY]

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