皇冠体育app

/ World

Taiwan growth quickens, raises inflation outlook

By Chinmei Sung | 皇冠体育app Daily | Updated: 2011-05-03 07:53

Taiwan growth quickens, raises inflation outlook

TAIPEI - Taiwan raised its inflation forecast after the island's economy grew faster than estimated, adding pressure for a further increase in interest rates.

Gross domestic product climbed 6.19 percent in the three months through March from a year earlier, after rising 6.92 percent in the fourth quarter, the statistics bureau said in a preliminary estimate released in Taipei on Friday. The median prediction in a Bloomberg News survey of 17 economists was 5 percent, following an expansion of more than 10 percent in 2010.

Interest rates rose for the fourth straight quarter last month and signaled scope for further increases even as Japan's earthquake threatens to disrupt trade and tourism.

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to 皇冠体育app Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online

Registration Number: 130349
FOLLOW US