People around the world should eventually become used to living with the virus — resuming normal business operations and private consumption — as the virus mutates. Taiwan Research Institute president Wu Tsai-yi, center, speaks at a seminar in Taipei yesterday. The trend should energize private consumption, which was a drag on GDP growth in the second and third quarters, Liu said. The two drivers have compensated for lackluster private consumption this year and should help push economic expansion above 4 percent next year, Wu added. Private consumption this year is likely to only edge upward 0.06 percent, but might accelerate its GDP contribution next year with a 5.3 percent gain, Wu said.

Source: Taipei Times December 15, 2021 16:43 UTC