1H2017 Review: Taiwan

Taiwan’s gross domestic product is headed for its fastest clip since 2014, according to an economic think tank. GDP will probably exceed 2%, according to a forecast released in April by the Taiwan Institute of Economic Research (TIER). Darson Chiu, deputy director of macroeconomic forecasting at TIER, said the figure is not necessarily “a very optimistic outlook”, he said, as it would be the third year in a row Taiwan’s GDP growth has remained below the global average of about 3%.

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