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Taiwan likely to record positive GDP growth in 2015: officials

Taiwan likely to record positive GDP growth in 2015: officials

Taipei, Nov. 2 (CNA) Economic Affairs Minister John Deng (???) remains optimistic that Taiwan's gross domestic product (GDP) will show positive growth in 2015 even though the country's economy contracted in the third quarter. Responding to questions at a legislative hearing, Deng said he foresaw full-year growth because the economy was likely to be stronger in the fourth quarter than in the third because of improved exports as Christmas approaches. Taiwan's economy contracted 1.01 percent year-on-year in the third quarter -- the first quarter to show negative growth since 2009 during the global financial crisis -- as exporters suffered from faltering global demand and a slowdown in China. At the same hearing, Perng Fai-nan (???), governor of Taiwan's central bank, said it will be hard for the country to record GDP growth of at least 1 percent for all of 2015, but he foresaw no problems for economic growth to remain in positive territory. Financial Supervisory Commission Chairman Tseng Ming-chung (???) also forecast full-year GDP growth in 2015 of 0.8 to 1 percent. (By Huang Chiao-wen, Chen Chun-hua and Lee Mei-yu)


Updated : 2021-09-26 18:41 GMT+08:00