Focus Taiwan
Date: 2018/06/29
By: Pan Tzi-yu and Ko Lin

Taipei, June 29 (CNA) The Taiwan Research Institute, a leading economic think tank,

By Pan Tzi-yu and Ko Lin

on Friday raised its forecast for the country’s gross domestic product (GDP) growth for 2018, citing strong export performance amid the strengthening global economic recovery.

The forecast for Taiwan’s GDP growth this year has been revised to 2.62 percent, up 0.31 percentage points from the previous forecast of 2.31 percent in December last year, according to the think tank.

The institute’s 2018 GDP growth forecast was more upbeat than the government’s projection, which was also raised in May from 2.42 percent to 2.6 percent.

The revised forecast was made as a result of a stronger-than-expected global economic recovery, which aided the country’s export performance in the first half of this year, the institute said.    [FULL  STORY]