Recently Released Market Study: Taiwan Freight Transport Report Q3 2012
We are expecting lower GDP growth in Taiwan this year, having cut our forecast to 2.1% growth after 4.0% expansion in 2011. There are signs that a recovery cycle is beginning, but we think it will take some time to gather pace, against the influence of global headwinds, slower growth in mainland China and rising fuel and electricity tariffs at home. By next year the pace will accelerate again - we are projecting 5.1% GDP growth.
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