Sunday, June 4, 2017

TIER adjusts its forecast upward

Early celebration for the year
TIER adjusts its forecast upward
Global forecasting institutes have mostly adjusted their forecasts for this year's global growth upward. As the Taiwan economy remains export-oriented as much as possible, the heating demand is likely to move up Taiwan's optimistic momentum. As a result, the Taiwan institute of Economic Research (TIER) adjusts its forecast from 1.78% to 2.04% of FDP growth for the year of 2017.
Taiwan's exports in March 2017 increased by 13.2% compared with the same month of 2016. Regarding imports, Taiwan's imports in March 2017 increased by 19.8% compared with imports in March 2016. From January 1st till the end of March, Taiwan's exports and imports gave a trade surplus of US$ 10.79 billion or a decrease by 11.85% on a y-o-y basis.
Taiwan's consumer price index (CPI) went up by 0.18% in March 2017 compared with the same month of previous year.
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