BMI's 2008 Growth Forecast Cut To 4.1%

February 2008 | Economic Analysis

BMI View: We have lowered our 2008 GDP growth forecast from 4.7% to 4.1% as a bleaker outlook for Taiwan's export sector will impact consumer confidence and domestic demand. However, another year of double-digit expansion in mainland China will be a positive, as will a more business-conducive political environment following the likely victory of Ma Ying-jeou in the March presidential elections. We therefore maintain our 4.5% forecast for 2009.

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