Thursday, January 3, 2013

A “u-shaped” recovery seen for Taiwan’s economy in 2013

* According to Taiwan’s Chung-Hua Institution for Economic Research (CIER), Taiwan's domestic gross product (GDP) would maintain a one-percent increase this year and grow 3.6 percent in 2013.

* The most recent economic forecast by CIER represented just a slight improvement—0.01 percent—from a previous estimate of 3.59 percent. The CIER attributed the improved forecast next year to the anticipated recovery, albeit incremental, in global economic fundamentals.....

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