The Taiwan government has lowered the annual economic growth forecast of this year to 2.04%, which is the lowest economic growth forecast in eight years.
According to the Taiwan United Daily report, the latest economic forecast of the General Planning Office of Taiwan announced on Friday (May 26) that the initial statistical economic growth rate of GDP (GDP) in the first quarter of this year was 2.87 %.0.15 percentage points were repaired from the estimated negative 3.02 % in April this year.
The General Administration of Taiwan also predicts that the annual economic growth rate of 2023 is 2.04%, which is 0.08 percentage points from 2.12%predicted in February this year.It is still the lowest economic growth rate in eight years; at the same time, the official expected consumer price index (CPI) this year is 2.26 % of the annual growth rate, which is 0.1 percentage points compared to the previous forecast, showing that this year's inflation situation is still quite dangerous.
Due to export and capital formation, it is not as good as expected. The general economic growth rate of the first quarter of this year of this year's first month of this year's first quarter of the Taiwan Master Planning Department is a negative of 3.02%, which is 1.82 percentage points from the February forecast.At that time, the General Planning Office stated that if the number of forecasts in the next three quarters this year remains unchanged, the annual economic growth rate will be repaired to 1.67%.
But the Statistical Review Meeting of the National Governance of the General Planning Department conducted the preliminary statistics of the first quarter and the annual economic forecast on Friday.Pufa cash and special budget effects only repaired the annual forecast to 2.04%, barely guaranteed.
Cai Hongkun, the deputy head of the General General Office of Taiwan, analyzed that the largest proportion of economic growth rate was the export of goods, which accounted for about 60 %.It decreased by 7%, so it was repaired by the last prediction, but private consumption was recovered by Pufa cash, and fixed investment was repaired down.In summary, the overall economic growth rate has been repaired to 2.04%.
As for the CPI annual growth rate to 2.26%, Cai Hongkun said that it is mainly because the service category increases greater than the previous forecast.Story, coupled with open tourists, will increase the price of certain service categories significantly, so the annual growth rate of CPI is 0.1 percentage points than the last time.
The main plan of the main plan also amended on Friday that the growth rate of the fourth quarter of last year was 0.78%, which was 0.37 percentage points from the number announced in February. Therefore, the annual economic growth rate of 2022 was revised.2.35 %, 0.1 percentage points were repaired from 2.45 % estimated in early February.
