Taiwan’s economy is expected to grow by 3.78% in 2015, but uncertainties such as the weather and the stock market could still hurt the optimistic outlook. That’s the word from the government statistics office on Monday.
The office has forecast that Taiwan’s economy will continue its recovery and reach a four year high this year. But the head of the statistics office, Shih Su-mei, said on Monday that there are still uncertainties that could affect the optimistic forecast.
“Factors such as fuel and commodity prices, changes in the geopolitical landscape, and water shortages could all create uncertainties for our economic growth," said Shih. "There are a lot of factors at play.”
Meanwhile, consumer prices dropped by an average of 0.56% in the first two months of 2015. The statistics office said that the drop was due to plummeting fuel and electricity prices.
The office said that after eliminating energy and food products, the core inflation rate remains stable.