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Taiwan's GDP forecast to hit 2.71% in 2020, 4.24% in 2021 12/16/2020 08:23 PM CNA file photo Taipei, Dec. 16 (CNA) Despite the global economic impact of the COVID-19 pandemic, Taiwan has maintained robust economic growth, with real GDP growing 3.92 percent year-on-year in the third quarter of the year and growth expected to hit 2.71 percent for 2020, according to Academia Sinica. The top academic research institution in Taiwan released its economic forecast on Wednesday, in which it attributed economic growth to "the united efforts and actions of the government and the people to fight and con...

Academia Sinica sees GDP growth of 2.7% By Crystal Hsu / Staff reporter Academia Sinica yesterday raised its forecast for Taiwan’s GDP growth this year from 1.56 percent to 2.7 percent and expected the pace to accelerate to 4.24 percent next year, as the nation’s economy might continue to thrive on strong demand for high-tech products and green energy investments. The upward revision from five months earlier made the Taipei-based think tank the most optimistic research body regarding the nation’s economic performance. “Global economic recovery seems round the corner following the de...