CLSA tips Taiwan to post high growth in 2014-15

HONG KONG - Taiwan will post the second-highest economic growth rate in Asia behind Singapore over the next two years because of a rebound in exports, according to CLSA, which is tipping 5.7% growth in 2014 and 4.2% in 2015 (with inflation at 2% and 1.6% respectively over those two years).

Eric Fishwick, Head of Economic Research at CLSA, based the bullish forecast on the global economy finally showing steady signs of recovery. Taiwan’s official Directorate General of Budget, Accounting and Statistics (DGBAS) predicted in August that GDP will grow by 3.37% in 2014, while the local think tank Chung-Hua Institution for Economic Research (CIER) forecast 3.31% (ATI).