Jul 20, 2017 General Comments Off on NDC holds optimistic outlook for 2nd half of 2017
The National Development Council (NDC) has expressed an optimistic outlook for Taiwan's economy for the second half of 2017.
Briefing the Cabinet on Thursday, the NDC said many factors are favorable for the remainder of the year. They include economic recovery in the United States, Japan, and the European Union, a diminishing effect of trade protectionism, and the government's increasing investment in infrastructure.
The NDC cited the government statistics office's GDP growth projection, which was recently raised to 2.05% for the year. The NDC said exports have shown growth for the last nine consecutive months, and electronics have performed strongly. It said all these factors are positive signs for the nation's economy.
The NDC also touched on a number of factors which might have uncertain effects in the near future. These include a possible interest rate hike from the US Federal Reserve, and instability in the Middle East.
Source: Radio Taiwan International
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