HSBC forecasts slower but stable GDP growth in 2018 - News Summed Up

HSBC forecasts slower but stable GDP growth in 2018


Exports are expected to keep pushing up the nation’s GDP growth this year on the back of increased global demand, Fan said. Analysts have agreed that the nation would see moderate growth this year due to a relatively high comparison base last year. The DGBAS is expected to update its GDP growth forecast next month. While the nation is expected to report GDP growth of more than 2 percent for the second consecutive year this year, the growth would be lower than the other three “Asian tigers,” Fan said. China, the world’s second-largest economy, could see GDP growth of 6.7 percent this year, the same pace as last year, HSBC said.


Source: Taipei Times January 12, 2018 15:56 UTC


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