Economy likely to grow at 3.59% in 2013.

By bne IntelliNews October 18, 2012
Taiwan's economy is expected to grow at 3.59% next year, as compared to 4.29% forecasted in July. As reported by Taipeitimes.com, the Chung-Hua Institution for Economic Research (CIER) stated that the country was expected to rebound in the fourth quarter of this year, under current conditions. The Gross Domestic Product (GDP) is expected to increase 1.42% in the third quarter and 4.26% in the fourth quarter of this year. The retail sales, which account for about 40% of total exports, has been increasing in the last two years, reflecting strong performance of the industry.

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