Taiwan’s Q1 GDP up 2.56%, higher than forecast

Focus Taiwan
Date: 2017/04/28
By: Chen Cheng-wei and Elizabeth Hsu

Taipei, April 28 (CNA) Taiwan’s gross domestic product (GDP) rose 2.56 percent in the first quarter year-on-year, beating an earlier forecast of 2.45 percent made in February, according to an advance estimate from the Directorate General of Budget, Accounting and Statistics (DGBAS) released on Friday.

The figure marked an increase of 0.11 percentage points, and after seasonal adjustment, the Q1 GDP grew 0.72 percent from the previous quarter and 2.93 percent from the same quarter of last year, the DGBAS said.

DGBAS specialist Huang Wei-chieh (黃偉傑) said the growth could help boost the directorate’s forecast for the economic growth of the country for 2017 from 1.92 percent to 1.95 percent, and he expressed optimism that the economy will grow stably this year.    [FULL  STORY]

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