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TIER cuts Taiwan's 2015 GDP growth forecast to 0.83%

TIER cuts Taiwan's 2015 GDP growth forecast to 0.83%

Taipei, Nov. 5 (CNA) The Taiwan Institute of Economic Research (TIER), one of Taiwan's major think tanks, on Thursday slashed its forecast for the country's gross domestic product (GDP) growth for 2015 to 0.83 percent. The latest forecast is 2.28 points lower than an earlier TIER estimate of a 3.11 percent growth made in July. The TIER is the second think tank to cut its GDP growth forecast to below 1 percent. On Oct. 15, the Chung-Hua Institution for Economic Research lowered its prediction of Taiwan's GDP growth from 3.04 percent to 0.9 percent. (By Tsai Yi-chu and Y.F. Low)


Updated : 2021-09-21 03:32 GMT+08:00