January 2014  
Global economic upturn driven mainly by the advanced west
TIER adjusts its forecast upward for 2014 growth
Almost simultaneously, global forecasting agencies including the International Monetary Fund (IMF), Economist Intelligence Unit (EIU), and World Bank (WB) adjusted upward their 2014 world economic growth forecasts by 0.1-0.2 percentage points. In the mean time, the Global Insight (GI) also amended its GDP prediction for the growth of the US and Europe by 0.2 and 0.1 percentage points respectively. Basically, the US is offering the major momentum to pick up the world economy this year. In addition, the European economy has gone through the worst and started to gradually climb back to the positive growing mode. As in Asia, the Japanese economy will probably continue to grow but not as strong as last year, whereas the Chinese economy is about to complete its structural reforms and deliver the deliverables in 2014. As the global conditions are getting better, the business outlook and the 2014 forecast conducted by the Taiwan Institute of Economic Research both surpass their previous readings.
Taiwan’s exports grew by 1.42% in 2013. On a year-on-year basis, the exports of 4th quarter last year grew by 1.76%, which outperformed the 3rd quarter exports tremendously and helped save the exports growth of entire year.
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Taiwan's manufacturing sector improved in Dec: TIER
There were signs of improvement in Taiwan's manufacturing sector in December last year, with a set of indicators released Tuesday by the Taiwan Institute of Economic Research showing a change from a state of slowdown to stability. (Source: The China Post)

Premier reiterates SME support at startup board launch (Source: Executive Yuan)
Taiwan Economic Research Monthly
The challenges and opportunities of Taiwan’s frustrated economic performance
The current situation of Taiwan's purchasing power
The performance of private consumption has maintained steady growth, and promoted the industrial upgrading. However, private consumption is no longer sufficient to stabilise Taiwan’s economic growth as past, and to have changes in consumption structure. The main consumer groups are still concentrated in the northern cities or counties in Taiwan, resulting that wage earners cannot share the fruits of economic growth.
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