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Weal betides thanks to improving global conditions
TIER business composite index signals brighter outlook |
Thanks to the improving global business conditions, world well renowned forecasting agencies including the IMF, Global Insight, and EIU etc predict that the growth of 2014 will outperform 2013. Among them, IMF and EIU even adjusted their latest forecasts for 2014 upward. It seems that weal betides; woe subsides.
The United States grew significantly strong at the 4th quarter in 2013, whereas the private consumption, resident investment and export contributing to the GDP growth evenly. The Euro Zone had its first positive growth on a year-on-year basis after 7-month consecutive declines. The 10-year yield rates of most European countries in debt trouble drop below 5%, and the only exception, Greece’s rate is also falling lower than 7.5%. China is undertaking its structural reform, and the most recent quarterly growth reading looks fair to the markets. Japan had a minor setback in the 4th quarter of 2013 in terms of quarter-on-quarter growth with only 0.3%; however it was 2.7% year-on-year. Stronger Japanese demand on imports before the consumption tax scheduled to be imposed in April 2014 would be the cause.
As for Taiwan, the improving and stabilized external conditions provides pros to the island’s economic outlook for 2014. ...Read more |
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| Taiwan's January jobless rate lowest in nearly 5 years |
| Taiwan's unemployment rate in January was pegged at 4.02 percent, down 0.06 percent from the previous month and 0.14 percent from a year ago, the lowest rate since July 2008, according to the latest job market report released by the Directorate-general of Budget, Accounting and Statistics (DGBAS), on February 26, 2014. After taking seasonal factors into consideration, the jobless rate was pegged at 4.07 percent. (Source: The Chinapost) |
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Taiwan Economic Research Monthly
The perspective of Taiwan's city development |
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The promotion of green city - A lesson from Tainan City
 Under the most noticeable trend of climate change and carbon reduction, the green policies are the global trend, and thus Taiwan’s local government also proposed relative policies to develop green cities, especially the traditional and cultural historic city- Tainan City.
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