TIER raises GDP forecast for this yearBIG BUMP NEXT YEAR? Yesterday’s report was the first time that TIER has issued a forecast for the economy for next year. Exports are expected to grow from a revised 1.85 percent this year to 4.87 percent next year, TIER’s report said. “Next year will be a prosperous year,” the best year for the nation’s economy in five years and favorable for private consumption, Huang said. The Directorate General of Budget, Accounting and Statistics in August predicted Taiwan’s GDP would grow 3.92 percent next year.

Source: Taipei Times November 03, 2020 15:56 UTC