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World Bank Projects 4% GDP Growth for Taiwan in 2013

Source: Taiwantrade | Updated: 22 December 2012

The bank said Taiwan may record 4 percent GDP growth next year, outperforming Hong Kong’s projected 3.2 percent, Singapore's 2 percent, and South Korea's 3.1 percent. By 2014, however, Singapore and South Korea are likely to draw even with Taiwan, registering 4 percent GDP growth, while Hong Kong will overtake them with 4.3 percent growth, the bank forecast.

 

China' GDP is expected to show 7.9 percent growth this year, an annual decline of 1.4 percentage points, according to the World Bank. For 2013 and 2014, China is likely to record 8.4 percent and 8 percent GDP growth, respectively, the bank projected.

 

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