Taiwan's economy expected to grow 4.45% in 2010.

By bne IntelliNews December 21, 2009
According to the Taipei Times , the Taiwan Research Institute (TRI) stated last Friday that Taiwan's economy was likely to contract by 2.57% this year but to expand by 4.45% in 2010. In comparison, the 2010 growth forecast of the 'sirectorate-General of Budget, Accounting and Statistics (DGBAS) stands at 4.39%. The report said that Taiwan's external trade and private investment were likely to expand as a result of the recovery of the global economy. According to the report, private investment was expected to grow by 7.56 % year-on-year and exports were expected to increase by 10.91 % next year. In comparison, private investment was expected to contract by 19.72 % and exports were likely to contract by 9.97 % this year. Imports were projected to grow by 12.7% % next year against an expected contraction of 14.22 % this year. The report also said that the central bank would adopt an easy monetary policy stance since inflation was expected to remain low.
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