Taiwan Today
Date: December 23, 2015
Taiwan’s gross domestic product will increase between 2.1 percent and
Taiwan’s GDP growth target of more than 2.1 percent for 2016 is unveiled Dec. 21 by the National Development Council. (Courtesy of Ministry of Economic Affairs)
2.7 percent in 2016, with consumer price rises capped at 2 percent and unemployment hovering between 3.7 percent and 3.9 percent, according to the National Development Council.
These macroeconomic goals are based on projections released in November by the Directorate-General of Budget, Accounting and Statistics, an NDC official said Dec. 21, adding that they also take into accounts various factors at home and abroad.
“While most international think tanks predict a rosier outlook for next year, uncertainties still remain that may slow the pace of recovery in major economies,” the official said.
Such downside risks include fluctuations in global raw material prices, decelerating growth in mainland China, the impact of mainland China’s homegrown supply chain and U.S. interest rate hikes.
“As well as tackling these challenges, the government will continue enhancing the local business environment through industry transformation, regulatory easing and talent cultivation,” the official added.
