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Cons rein pros in the global economy
TIER business composite indicators provide mixed signals |
The economic performance by the US and Japan in the fourth quarter of 2014 were both worse than market expectations. China has been planning to revise down its annual growth target to 7% for 2015. Nevertheless, the Euro zone and ASEAN outperformed the global market anticipation. In a nutshell, cons dominate pros, whereas uncertainties take over sureness in the world economy. The Taiwan Institute of Economic Research (TIER) issued its business composite indicators on February 25, 2015. The manufacturing composite indicator shows some promising harbinger; however, the service and construction indicators provide rather pessimistic signs.
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| Jobless rate hits the historical low since 2001 |
| The Executive Yuan's Directorate-General of Budget, Accounting and Statistics announced the average unemployment rate for January yesterday and revealed it has hit a 14-year record low. According to DGBAS figures, the unemployment rate in January was 3.71 percent, measuring 0.04 percent lower than in December 2014. Data showed that there were 430,000 people unemployed in January, which was 9,000 fewer than in December. Lo Yi-ling (羅怡玲), deputy chief of the DGBAS's Department of Census, said that after seasonal adjustments, the official unemployment rate average is 3.78 percent. (Source: The China Post) |
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Taiwan Economic Research Monthly
Ways to start the sustainable development of national innovation system |
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Opportunities faced Taiwan industrial development under the trend of smart technology
 Germany initiated the "Industry 4.0," American Planned the "Advanced Manufacturing Partnership Scheme", British and S. Korea respectively proposed the "high value manufacturing strategy" and "manufacturing innovation 3.0 Strategy" as their forward-looking policy-related schemes. The growing intelligent trend implies that the emerging fields can happen by applying the ICT technology solutions on various fields, and thus if Taiwan could integrate ICT and machinery tool to its smart production, it would benefit Taiwan in global supply chain.
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