2007-08-06

Taiwan’s Economic Growth Rate of Year 2008 Forecasted 4.32 %

According to the statistics of national income published on Feb 21, 2008 by Accounting and Statistics Department of Executive Yuan, Taiwan’s Economic Growth Rate of Year 2008 is forecasted as 4.32 %.  From the export perspective, despite the negative impact arising from sub-prime-mortgage in US, Taiwan is expected to maintain its high-energy export activity due to the change of the composition of its export activity and increasing export to emerging markets.  As to domestic demands, private consumption expenditure is expected to have a growth of 3.26% as a result of clearance progress of consumption easy credit.
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