Taiwan to grow 1.22% in 2016
Print Edition
TAIWAN’S statistics department yesterday revised upward its forecast for the island’s economic growth to 1.22 percent in 2016, following better-than-expected expansion in the second quarter of the year.
The reading was 0.16 percent above the estimate made by the department in May.
The island’s economy has added by 0.23 percent on a quarterly seasonally-adjusted basis in the second quarter, latest figures showed. On an annual basis, the economy grew 0.7 percent over the same the period last year.
Economic performance in the quarter not only beat the 0.48 percent growth forecast for the period in May, but also indicated Taiwan’s economic growth had returned to positive territory after contracting for three consecutive quarters.
The economy was mainly shored up by better-than-expected exports of local commodities and services, the department said, adding that expansion in domestic retail sales and the catering sector had also contributed to the growth.
Meanwhile, the department estimated the island’s economy will grow 1.88 percent in 2017, citing improvements in the world economy that should help sustain growth on the island.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
