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CIER forecasts Taiwan 2015 GDP growth of 3.56%

CIER forecasts Taiwan 2015 GDP growth of 3.56%

Taipei, April 16 (CNA) Taiwan's gross domestic product (GDP) is expected to grow 3.56 percent from a year earlier, the Chung-Hua Institution for Economic Research (CIER, ???????), one of Taiwan's leading think tanks, said Thursday. The latest forecast is upgraded from a previous prediction of a 3.50 percent year-on-year rise, largely in reflection of higher private consumption and private investment, according to the CIER. The think tank said that Taiwan's private consumption for 2015 is expected to grow 3.02 percent from a year earlier, compared with an earlier forecast of a 2.78 percent increase, while the country's private investment could rise 6.02 percent for 2015, up from a previous estimate of 5.59 percent. Despite the forecast upgrade, the CIER prediction is still lower than the government's forecast of a 3.78 percent GDP increase issued in mid-February. (By Frances Huang)


Updated : 2021-09-29 10:29 GMT+08:00