February 17, 2005
The United Nations predicts that Taiwan will achieve an annual economic growth rate of 4.25% in 2005. The world body, in a report on world economic trends and outlooks for 2005 released in late January, forecasts that, while Taiwan's economic growth would be more moderate this year, it would remain strong.
The UN report says that global economic growth would slow to 3.25% this year as growth in most countries is expected to cool down.
An anticipated decline in economic growth and trade in East Asia this year is cited as one reason for slower growth in Taiwan.
The Taiwan Institute of Economic Research predicts that Taiwan's growth rate will drop to 4.67% due to an anticipated slowing of the expansion of the domestic economy. The Council for Economic Planning and Development, in a prediction called "cautiously optimistic," said at the end of last year that Taiwan would achieve an economic growth rate of 5% in 2005.
(Central News Agency)
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