“The global economic scene looks pessimistic going forward, as the war in Ukraine drove up global fuel prices and prompted major central banks to hike interest rates to tame inflation,” institute founder Liu Tai-ying (劉泰英) said. Taiwan Research Institute president Wu Tsai-yi, standing, speaks at a news conference in Taipei yesterday. Photo: Hsu Tzu-ling, Taipei TimesThe growth projections for this year and next year made TRI the most conservative among major local think tanks. The institute is expecting a 1.96 percent increase in consumer prices next year, below the central bank’s target of at most 2 percent. Exports of goods and services are forecast to grow 3.37 percent next year, slower than imports’ projected increase of 5.44 percent, the institute said.
