Taiwan News
Date: 2016-06-30
By: Central News Agency

Chu Tzer-ming, Minister of the Directorate General of Budget, Accounting and Statistics (DGBAS), said Thursday that Taiwan’s economy is likely to return to growth in the second quarter of the year.

“The DGBAS’s forecast of a 0.48 percent growth target for the second quarter could be achieved,” taking into account the existing factors that affect the local economy, Chu said in a legislative hearing.

In late May, the DGBAS reported that Taiwan’s economy contracted 0.68 percent in the first quarter, the third consecutive year-on-year drop.

However, the DGBAS also forecast at the time that Taiwan’s GDP will grow 0.48 percent in the second quarter, 1.97 percent in the third quarter, and 2.37 percent in the fourth quarter.     [FULL  STORY]