The Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) has left its forecast for GDP growth in Taiwan unchanged for this year at 4.1 percent, despite a surge in locally transmitted cases of COVID-19.
The think tank maintained its growth projection from January after taking into account robust demand globally for information and communications technology devices, Gordon Sun (孫明德), director of the institute’s Economic Forecasting Center, said yesterday.
Such devices make up more than 50 percent of Taiwan’s exports, putting the nation in a good position to benefit from resilient global demand and experience growth of more than 4 percent this year.
The institute’s