GDP to grow more than 5pct on rising consumption: CEPD chair

Taiwan’s economic growth will exceed 5 percent this year, said Liu Yi-ju, chairwoman of Council for Economic Planning and Development (CEPD), yesterday.

Liu made the statement during a Taiwan-Hong Kong economic forum yesterday, held in Hong Kong.

She mentioned last year, Taiwan’s gross domestic product grew 10.88 percent, while fixed capital increased 23.44 percent, the highest among the Four Asian Little Dragons.

This year, Taiwan’s GDP will grow by over 5 percent, on the back of increased consumption, she said.

Taiwan’s official statistics bureau forecasted in May this year’s growth will be 5.06 percent.

Liu also called for further collaboration between Taiwan, Hong Kong and China to capitalise on what she said would be the “golden decade” for the region over the next 10 years.

http://www.chinapost.com.tw/business/asia-taiwan/2011/07/15/309907/Taiwans-GDP.htm

 

Category: Taiwan