Alexa

Think tank CIER raises Taiwan's 2014 economic forecast

Think tank CIER raises Taiwan's 2014 economic forecast

Taipei, Oct. 7 (CNA) The Chung-Hua Institution for Economic Research (CIER) has revised upwards its forecast for Taiwan's economic growth in 2014 because of continued strength in the country's private consumption and investment. The Taipei-based think tank predicted on Tuesday that Taiwan's gross domestic product (GDP) will grow 3.46 percent in 2014, up 0.31 percentage points from its previous projection of 3.15 percent in July. The CIER also estimated Taiwan's 2015 GDP growth at 3.53 percent on the back of a mild recovery in the domestic economy. (By Jeffrey Wu)


Updated : 2021-02-27 03:45 GMT+08:00