Anticipating growing exports and local demand, the Taiwan Institute of Economic Research (TIER) yesterday raised Taiwan’s 2014 GDP growth forecast to 3.28 percent, up 0.05 percentage points from its prediction made in April.
Anticipating growing exports and local demand, the Taiwan Institute of Economic Research (TIER) yesterday raised Taiwan’s 2014 GDP growth forecast to 3.28 percent, up 0.05 percentage points from its prediction made in April.
Director of Economic Prediction Center, the Taiwan Institute of Economic Research (TIER) said demand and labour market are the most important factors changing economic growth rate, however, other negative factors remain important to Taiwan economic such as investment which is not as outstanding as in the first-half year of 2014 because of high comparison figure and low export growth of 2% only. In addition, the later-half year economy face a big challenge in competitiveness of electronic products, steels and chemical products and data screen which has been main GDP of Taiwan.
