China News Service, April 29. According to Taiwan's "Central News Agency", Taiwan's administrative department "General Accounting Office" announced on the 28th that the economic growth rate in the first quarter of 2022 is estimated to be 3.06%, which is better than expected.

The increase of 0.06 percentage points from the forecast in February was mainly due to the fact that Taiwan benefited from the continued strong demand for emerging technology applications, coupled with the improvement of the shortage of materials in the supply chain, and the increase in product prices, etc., the export of goods was better than expected.

  The economic growth rate in the first quarter performed better, and Taiwan's "General Accounting Office" also mentioned that if the economic growth rate in the second, third and fourth quarters remains unchanged from the forecast in February, the annual economic growth rate will be affected by the first quarter. Growth rate increased to 3.06%, adjusted to 4.43%.

  Another media concern is that Taiwan's economic growth rate in the first quarter turned better, but private consumption and capital formation were not as good as expected. Is the growth momentum insufficient?

Wu Peixuan, a special member of Taiwan's "General Accounting Office", explained that private consumption grew by 0.23% in the first quarter, a decrease of 0.99 percentage points from the forecast, but still a slight increase.

She explained that although the epidemic prevention control measures were relaxed in the first quarter and the revitalization plan was injected, the price increase was relatively high, and the weather during the Spring Festival was also wet and cold, which made the willingness to travel and leisure and entertainment consumption weak.

  In terms of capital formation, Wu Peixuan said that investment in construction projects, machinery and equipment and means of transportation continued to expand, but the delay in the delivery of machinery and equipment of some manufacturers made the growth rate of capital formation lower than expected; observing the capital expenditure plans of major manufacturers, although some investments Delay, this year's capacity expansion plan has not changed.