TIER keeps forecast for Taiwan’s 2019 GDP growth at 2.12%

Focus Taiwan
Date: 2019/07/25
By: Flor Wang and Pan Tzu-yu

CNA file photo

Taipei, July 25 (CNA) The Taiwan Institute of Economic Research (TIER) maintained its forecast for Taiwan's 2019 economic growth rate at 2.12 percent Thursday, citing an optimistic outlook for the domestic economy, despite uncertainties arising from trade conflicts among some of the world's major economies.

While some other agencies have lowered their 2019 projections for Taiwan's economic growth, TIER "did not see any reason to do likewise," its president Chang Chien-yi (張建一) said.

"Unless there is a drastic change in the global situation, Taiwan's economy will expand faster in the second half of the year than in the first half, paving the way for an annual economic growth of more that 2 percent for the whole year," Chang said.

Earlier in the month, Academia Sinica trimmed its projection to 2.01 percent, while the Chung-Hua Institution for Economic Research cut its forecast to 2.06 percent.    [FULL  STORY]

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