Chung Hua Institute for Economic Research Revises Q1 Growth Forecast to 5.39%

May 2, 2006

The Chung Hua Institute for Economic Research (CIER) said on April 21 that with a sustained tide of growth spilling over from Q4 2005, economic growth in Taiwan in Q1 would reach 5.39%, 0.89 percentage points higher than its earlier predictions. CIER has also forecasted overall economic growth for the entire year at 4.17%.

CIER held its 2006 Taiwan Economic Forecast Meeting for the Second Quarter, at which CIER President Ko Chen-en presided. At the meeting, the organization's growth forecasts for 2006 were announced by quarter at 5.39%, 4.55%, 3.74%, and 3.09, respectively.

Ko also noted that export orders currently total over USD 20 billion, stemming from growth rates of 20% and higher for seven continuous months.

(Central News Agency)

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