Macroeconomic Forecast Taiwan

BMI, in line with other forecasters, anticipates the Taiwan economy slowing to 4.7% in 2005, compared with our estimate of 6.0% for 2004. A combination of high oil prices and slower growth in Taiwan's main export markets - the US and China - are the main factors behind our forecast slowdown. Another concern is the recent appreciation of the Taiwan currency against the US dollar, which could cause export growth to slow.

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