By Crystal Hsu / Staff reporterThe Taiwanese economy is forecast to expand 2.58 percent next year, following an estimated 2.62 percent growth this year, with private investment lending further support, albeit at a slower pace, Academia Sinica said yesterday. “Indeed, we are less optimistic [than the DGBAS] because major economies around the world are slowing down, which is unfavorable to Taiwan’s exports,” Academia Sinica research fellow Ray Chou (周雨田) said. In that case, GDP growth for next year could surge to 3.81 percent, Academia Sinica said. However, if downside risks materialize, economic growth could soften to 1.47 percent, it said, adding that chances of the extreme scenarios happening are slim. Academia Sinica revised up its projection for this year’s GDP growth from 2.01 percent to 2.62 percent.

Source: Taipei Times December 18, 2019 15:56 UTC