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Early celebration for the year
TIER adjusts its forecast upward |
Global forecasting institutes have mostly adjusted their forecasts for this year's global growth upward. As the Taiwan economy remains export-oriented as much as possible, the heating demand is likely to move up Taiwan's optimistic momentum. As a result, the Taiwan institute of Economic Research (TIER) adjusts its forecast from 1.78% to 2.04% of FDP growth for the year of 2017.
Taiwan's exports in March 2017 increased by 13.2% compared with the same month of 2016. Regarding imports, Taiwan's imports in March 2017 increased by 19.8% compared with imports in March 2016. From January 1st till the end of March, Taiwan's exports and imports gave a trade surplus of US$ 10.79 billion or a decrease by 11.85% on a y-o-y basis.
Taiwan's consumer price index (CPI) went up by 0.18% in March 2017 compared with the same month of previous year. ...Read more |
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| Think tank raises Taiwan's 2017 GDP growth forecast to over 2% |
| One of Taiwan's leading economic think tanks has raised its forecast for the country's economic growth for 2017 to more than 2 percent because of expectations of an improved export performance. The Taiwan Institute of Economic Research (TIER) predicted on Tuesday that Taiwan's gross domestic product (GDP) will grow 2.04 percent in 2017, 0.26 percentage points higher than its previous estimate made in January. TIER is the third think tank in Taiwan to raise its 2017 GDP growth forecast to above 2 percent at a time when the global economic recovery seems to be picking up momentum because of stronger demand (Source: The China Post). |
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Taiwan Economic Research Monthly
Outlook of 2017 Asia-Pacific Economic Cooperation (APEC) |
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the new era facing 2017 Asia-Pacific Economic Cooperation (APEC)
 Looking at the changes in the global and regional political and economic situation, the alliance between powerful countries is facing adjustment. This could be an obstruction to develop APEC’s 2020 Bogor goals. According to this, this article will outline the current trend of global political and economic changes, explaining its main content, and attempting to review the impact of the Asia-Pacific region from global perspective to summarise the external factors facing 2017 APEC.
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