Domestic demand would contribute 2.17 percentage points to GDP growth, while external trade would account for only 0.27 percentage points, it said. China, which has kept its GDP growth above 6 percent this year, might see growth drop below this mark next year for the first time since 1991, Chen said, citing estimates by international research bodies. Similarly, the US is forecast to see GDP growth of 2.06 percent next year, decelerating from an estimated 2.31 percent this year, CIER said. Economic slowdown is also expected to hit the eurozone, which is forecast to see GDP growth of 1.1 percent next year, compared with an estimated 1.42 percent this year, CIER said. That said, the institute raised its growth forecast for Taiwan from 2.33 percent to 2.54 percent for this year, citing stronger external demand and private investment.
