Taiwan: Country outlook
FROM THE ECONOMIST INTELLIGENCE UNIT
OVERVIEW: Domestic political tensions will stay high ahead of the presidential election scheduled for early 2004. Relations between Taiwan and China will remain uneasy. GDP growth will be 3.2% in 2003 and 5.4% in 2004. Consumer prices will rise by an annual average of 0.3% in 2003, with inflation picking up to 1.4% in 2004. The New Taiwan dollar is expected to firm against the US dollar from the second half of 2003. The current- account surplus will narrow from US$25.7bn (9.1% of GDP) in 2002 to US$17.4bn (5.6% of GDP) in 2004.
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- Taiwan: Country outlook
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