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Taiwan economic outlook looks set to improve: German institute
Central News Agency
2014-08-13 10:11 PM
Taipei, Aug. 13 (CNA) Taiwan can look forward to an improving economic outlook over the next six months, according to the results of a world economic survey for the third quarter of the year conducted by the German-based Ifo Institute. Experts interviewed on Taiwan's economic development said the island's current overcall economy, capital expenditure, and private consumption stand at "satisfactory" levels, according to the survey released Wednesday. They predicted that Taiwan's exports, stock market index and consumer price index will be on the rise over the next six months, the survey found. The German institute interviewed 1,146 experts from 121 countries to compile the report on the global economic forecast. Compared with the survey results for the second quarter, attitudes on the global economy were more positive for the second half of 2014. "Both assessments of the current economic situation, as well as the economic outlook, improved somewhat versus April," the research institute said in a statement. That was partially thanks to recovery in the second quarter, for which the Ifo Index found the world economy rose to 105.0 points from 102.3 points. "World economic activity remains on the rise," it said, adding that risks have grown at the same time. Almost three quarters of experts surveyed believe that rising energy prices and supply shortages pose a moderate to high potential threat to the world economy, it said. "The driving forces behind the world economic climate result primarily from North America with an increase of 3.4 points in the Ifo index (USA: 5.9) and Asia with a plus of almost 10 points," it added. (By Milly Lin and Elaine Hou)
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