Economy looks solid, central bank saysBy Crystal Hsu / Staff reporterThe economy remains solid, despite an escalating COVID-19 outbreak that appears thus far to have no impact on manufacturing activity, the backbone of exports, central bank Governor Yang Chin-long (楊金龍) said yesterday. Central bank Governor Yang Chin-long speaks at a meeting of the legislature’s Finance Committee in Taipei on April 19. The central bank in March predicted GDP growth of 4.53 percent for this year and will update its forecast in two weeks, Yang said. The board meeting is to take place in three separate rooms for directors, supervisors and central bank officials to minimize infection risks, he said. The central bank did not move the meeting online for fear that confidential details might be leaked during the course of delivery, he added.

Source: Taipei Times June 03, 2021 15:56 UTC