Sunday, November 06, 2005

Taiwan's Economy Going Up

Taiwan News reports that analysts see upswing in the local economy:

Stronger exports, lean inventories, and a tight labor market are giving analysts reason to be more upbeat about Taiwan's economy.

Saying "Taiwan is turning for the better," Lehman Brothers economists Rob Subbaraman and Wenzhong Fan said they were upgrading their GDP growth forecast for Taiwan from 3.3 percent to 3.6 percent this year.

"Taiwan's economy struggled in the first half of this year, growing by only 2.8 percent year-on-year, compared with 6.5 percent for Asia, excluding Japan, as a whole. However, in recent months the data flow has taken on a distinctly stronger tone, underpinned by an upswing in global electronics demand, a revival in China's imports, a moderate decline in oil prices, and a continuation of loose macro policies," they said in Lehman Brothers' latest economic monitor. The report was released yesterday.

Too late for the election, though. Unless the DPP gets to work and publicizes it.

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