Local GDP growth in '14 may grow by 5.7 percent: analyst
By Ted Chen ,The China PostTAIPEI, Taiwan -- An analyst at an international financial institution yesterday announced that Taiwan's gross domestic product is poised to grow by 5.7 percent and 4.2 percent in 2014 and 2015 respectively.
September 24, 2013, 12:17 am TWN
Eric Fishwick, a CLSA Asia Markets (里昂證卷) analyst based in Hong Kong, stated that, in addition to stellar economic growth prospects, Taiwan is enjoying a relatively low rate of inflation.
Taiwan's economic performance for the next two coming years is expected to lead the Asia region, trailing only Singapore.
Fishwick attributed his upbeat findings on the gradual recovery observed throughout the world's major markets, stating that Taiwan's export-oriented economy is well-positioned to capitalize on the global rebound.
The company's estimates are higher than the 4 percent forecasted by the Directorate-General of Budget, Accounting (主計處), and the 3.37 percent anticipated by the Chung-Hua Institute for Economic Research (中華經濟研究院).