GDP may grow 4% thanks to exports: NDCBULLISH: The Ministry of Finance said that last month’s exports spiked 36.8 percent year-on-year and are likely to expand by 3 to 8 percent this month, despite the holidayBy Crystal Hsu / Staff reporterTaiwan’s GDP could expand more than 4 percent this year on the back of strengthening exports, private investment and consumer spending, despite lingering uncertainty due to the COVID-19 pandemic, the National Development Council (NDC) said in a statement on Wednesday. Exports last month spiked 36.8 percent year-on-year and are likely to expand by 3 to 8 percent this month, despite the week-long Lunar New Year holiday, the Ministry of Finance said last week. The entrance to the National Development Council in Taipei is pictured in an undated photograph. Photo: Taipei Times file photoThe DGBAS forecast a 5.2 percent increase in exports this quarter, but the actual showing could prove twice as strong, the ministry said. Research bodies at home and abroad are forecasting GDP growth of 3.2 percent to 4.3 percent in Taiwan this year, the council said.

Source: Taipei Times February 18, 2021 15:56 UTC