Macroeconomic Forecast Taiwan

BMI is forecasting growth of 6.0% in Taiwan for 2004. This is, however, forecast to slow to 4.7% in 2005. The forecast slowdown is based on the assumption that higher oil prices and slower economic growth in Taiwan's two main trading partners, the US and China, causes growth to slow. Another concern is the rapid appreciation of the Taiwan dollar against the US currency, which has risen by around 5% since September, and could cause export growth to slow.

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