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Statistics agency revises 2022 GDP growth forecast down to 3.76%, CPI up to 2.92%

Statistics agency revises 2022 GDP growth forecast down to 3.76%, CPI up to 2.92%

2022-08-12

Taiwan’s statistics agency has revised its 2022 GDP growth forecast down to 3.76%. That’s 0.15 percentage points lower than the previous estimate. Officials say the revision was the result of the COVID outbreak in May and inflation, which have impacted domestic consumption. They say the economy may pick up speed again in the third quarter, as Taiwan learns to live with the virus. The agency also predicted a GDP growth rate of 3.05% for 2023.

The statistics agency also revised its 2022 consumer price index forecast to 2.92%, up by 0.25 percentage points from the previous prediction. Officials say the rise reflects higher consumer prices for eating out and renting, and the transfer of rising manufacturing costs onto consumers. The agency expects the 2023 CPI figure to be lower, at 1.72%, reflecting more stable raw material prices.

主計總處下修全年GDP至3.76 CPI上修至2.92

2022-08-12

主計總處公布最新經濟預測,全年GDP下修到3.76%,較上次預測相比下修了0.15個百分點,主要是五月疫情爆發,加上通膨影響,衝擊國內消費,但隨著國內防疫改為與病毒共存,第三季有機會改善。同時預測明年經濟成長率3.05%。

針對物價,主計總處表示,由於廠商逐漸反映成本,外食費、房租漲幅擴大,全年CPI 年增率2.92%,較上次預測再上修 0.25 個百分點。而明年隨原物料價格回穩,漲幅縮小為 1.72%。

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