October 30, 2007
The Council for Economic Planning and Development (CEPD) has announced
that its economic growth goal for 2008 would be at least 4.5%, according
to CEPD Chairwoman Ho Mei-yueh.
Given a strong year for foreign trade and domestic demand, Taiwan's
economy will grow approximately 4.58% this year, said Ho, in remarks to a
Legislative Yuan committee on energy and the economy.
Ho noted that the CEPD's 4.58% growth estimate for 2007 comes very close
to projections by the Directorate General for Budget, Accounting, and
Statistics (DGBAS) in Aug. DGBAS projected that Taiwan's economic growth
rate would reach 4.62%, as private investment was higher than expected.
The sub-prime mortgage crisis in the US, which caused major losses in the
Asian financial markets, has had a marginal effect on the economy, as
financial reform in many countries has helped to maintain stability among
banks, said Ho.
(Central News Agency)
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