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TIER raises GDP growth forecast to 5.03%


TIER raises GDP growth forecast to 5.03%
Staff writer, with CNA
The Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) yesterday raised its economic growth forecast for the nation to 5.03 percent, citing a global economic recovery, which it said would boost the nation’s exports and domestic demand.
That represented an increase of 0.73 percentage points from its forecast in January and is the first to forecast growth of more than 5 percent.
The Directorate-General of Budget, Accounting and Statistics in late February forecast that GDP would grow 4.64 percent this year, while the central bank last month projected a 4.53 percent increase.
A person cleans a vehicle in Taipei yesterday. ....

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Think tank raises forecast for Taiwan's 2021 GDP to 5.03%


Think tank raises forecast for Taiwan s 2021 GDP to 5.03%
04/23/2021 05:23 PM
CNA file photo
Taipei, April 23 (CNA) The Taiwan Institute of Economic Research (TIER) on Friday raised its forecast for Taiwan s 2021 gross domestic product (GDP) growth to 5.03 percent, citing a global economic recovery, which it said is expected to boost the country s exports and domestic demand.
The revised GDP growth forecast was a 0.73 percentage point increase from TIER s previous estimate in January and the first to exceed 5 percent.
In late February, the Directorate General of Budget, Accounting and Statistics forecast a 4.64 percent GDP growth for 2021, while the central bank in mid-March projected a 4.53 percent increase. ....

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Zombies, robots and big unknowns lurk as the U.S. economy recovers from pandemic


Zombies, robots and big unknowns lurk as the U.S. economy recovers from pandemic
MarketWatch
2 hrs ago
ECONOMIC OUTLOOK
Don’t let anyone tell you otherwise. The U.S. economy is going through a unprecedented period after having been shut down by government decree. Whether you have a doctorate in economics or not, it is a guess how it will work out.
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In the immortal words of former Secretary of Defense Donald Rumsfeld, there are a lot of “known unknowns” out there.
Big questions are up in the air for workers. Will your company survive? What will the office even look like? Will you be replaced by artificial intelligence? ....

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