Taiwan Institute for Economic Research: Economic Growth Rate for This Year Revised Up to 3.57%

Reported 9 months ago

Private consumption offsetting weak investment led to Taiwan Institute for Economic Research revising the economic growth rate to 3.57% for 2024, with the GDP growth peak in the first quarter. Potential risks highlighted include cross-strait issues, climate change, dependency on export industries, and negative impacts of high-tech industries dominated by foreign capital. The institute emphasized the importance of improving domestic consumption to support the economy, projecting real private consumption growth at 2.75% and real private investment growth at 1.47% for 2024.

Source: YAHOO

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