The Chung-Hua Institution for Economic Research (CIER) raised its growth forecast for Taiwan this year to 12.16%, up from 10.35% in July, which would be the fastest pace in 39 years. Domestic demand is expected to contribute 55% of growth and net overseas demand 45%, driven largely by AI-related products, rising cloud provider capital spending and private investment forecast to grow 10.77%. CIER estimates third-quarter growth at 12.73% and fourth-quarter growth at 8.2% due to a higher base of comparison, and sees inflation at 2.06% this year. It also raised its growth forecast for next year to 5.97% from 3.71%, while flagging risks from monetary policy in major economies, financial market moves, geopolitical risks and cross-strait relations.
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Original headline: 《 TAIPEI TIMES 》 Economic growth to be highest in 39 years : CIER - 焦點
Read the original on news.ltn.com.tw ↗
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