The strong growth of Asia’s emerging economies starting in second half of 2009 has led the global economy to slowly recover and made the economic and financial indexes stop falling in most countries. Amid many uncertain situations, such as the European debt crisis and property market problem in Mainland China, the IMF recently upgraded the global economic growth rate to 4.6% for 2010.
In Taiwan, due to the strong demand in export and lower base period, the gross domestic product (GDP) was up 13.27% during the 1st quarter in 2010. The 2nd quarter’s GDP growth is still expected to be 8.15% due to better-than-expected export and other leading indicators. Moreover, the real private consumption and investment in 2010 are predicted to be 1.95% and 20.26% respectively. Meanwhile, with the help of ECFA, commodity export and import in 2010 are predicted to be 20.57% and 23.48%.
Overall, the real gross domestic product growth in 2010 is predicted to break through the 2009 recession and rise up by 6.89%.
Related website: http://www.econ.sinica.edu.tw/reports.php?%20searchYear=&searchStyle=&parentClassID=0&foreLang=tw&parentMenuID=50&titleMenuID=109