The Center for Economic Forecasting

CIER established the Center for Economic Forecasting in September 1992, with the aim of developing and utilizing quantitative models and statistical indicators for economic forecasting and forward-looking analysis of the potential impact of political and economic developments (both domestic and international) on Taiwan's economy, to serve as a reference for the evaluation of policy implementation and risk monitoring.

In accordance with the goal of establishing CIER as an independent, unbiased and authoritative source of domestic and international economic forecasting, the Center conducts ongoing business surveys, economic forecasts and research in relation to domestic and regional economic trends, and publishes the results.

The Center's research focuses on three main areas:

(1) Forward-looking analysis of short-, medium- and long-term domestic and international economic trends, and of their potential impact on Taiwan.

(2) Quantitative appraisal of the cost-effectiveness of specific economic, industrial, technology and trade policies. Besides serving as a basis for discussion and a reference for government policy formulation, the quantitative appraisal methods also serve as a reference for relevant agencies to measure their own performance or engage in early-warning analysis.

(3) In response to the external risks posed by globalization and regional economic integration, the Center uses a wide range of quantitative and statistical techniques and indicators to help the government monitor potential external industrial and economic risks and formulate effective response strategies as early as possible.