Alexa

Taiwan GNP expected to reach US$20,000 in '09, CEPD states

Taiwan GNP expected to reach US$20,000 in '09, CEPD states

Taiwan's top economic planner has predicted that the country's gross national product will reach US$20,000 in 2009, and may even reach US$30,000 by the year 2015 if its economy continues to grow at an average of 5 percent annually as it has in recent years.
Ho Mei-yueh (何美玥), chairperson of the Cabinet-level Council for Economic Planning and Development, made the forecast at her year-end press conference at which she discussed the trend of Taiwan's economic development.
Taiwan's economy is forecast to expand by 4.8 percent in 2008, with the per capita CDP reaching US$18,000, or US$2,000 more than US$16,000 for 2007, Ho said.
A total of 180,000 job opportunities will be created during this period with an unemployment rate 3.8 percent and an inflation rate of less than 2 percent, Ho said.
It would be a great challenge for the government to increase Taiwan's per capita GNP to US$30,000 by the year 2015, if Taiwan's economy continues to grow by an average of 5 percent in the next few years, Ho said.
Taiwan's economic growth for 2008 is expected to be lower than this year's mainly due to the fact that overseas markets, particularly the United States, Europe and China, which have been the driving forces behind Taiwan's economic growth over the past two years, are forecast as being "highly uncertain," according to a researcher at the Taipei-based Polaris Research Institute.


Updated : 2021-04-13 21:54 GMT+08:00