Annual GDP growth set to top 1.8 percent: NDCBULLISH: The NDC minister attributed the optimistic projection to 3.33% GDP growth in the third quarter and the ‘better-than-estimated’ performance of exportsStaff writer, with CNAThe National Development Council (NDC) has forecast that annual GDP growth would be more than 1.8 percent this year, thanks to better-than-expected export orders in the fourth quarter. Kung attributed the optimistic projection to 3.33 percent GDP growth in the third quarter and what he described as the “better-than-estimated” performance of exports and export orders so far this quarter. Photo: Peter Lo, Taipei TimesAsked if GDP growth this year could surpass 2 percent, Kung said only that the government is continuing its efforts to boost the economy. Despite the global COVID-19 pandemic, which has adversely impacted economic activity worldwide, Taiwan has so far managed to sustain its economic growth. On Nov. 3, the Taiwan Institute of Economic Research (台灣經濟研究院) increased its forecast for GDP growth this year by 0.80 percentage points to 1.91 percent.

Source: Taipei Times November 23, 2020 15:56 UTC