TIER’s forecast came after the Chung-Hua Institution for Economic Research (CIER) last month predicted a 3.72 percent decline for Taiwan’s economy this year, which was also a downward estimate from a forecast of a 3.56 percent drop issued in July. The Directorate-General of Budget, Accounting and Statistics (DGBAS) — which predicted in August that the economy would contract 4.04 percent this year — is expected to update its forecast on Nov. 26. <…more>
Publication Date：11/08/2009
Source： Taipei Times