Taiwan’s GDP growth rate in 2023 will be 1.31%

　　China News Service, Taipei, February 29 (Reporter Yang Chengchen) The "General Accounting Office" of the Taiwan authorities released the latest economic data and forecasts on February 29. Taiwan's GDP growth rate in 2023 will be 1.31%.

The agency predicts that Taiwan's GDP growth rate will reach 3.43% in 2024, and the consumer price index (CPI) growth rate will be 1.85%.

　　The "General Accounting Office" introduced through a press release that the GDP growth rate in 2023 was reduced by 0.09 percentage points from the forecast value announced in January of that year, with per capita GDP of approximately US$32,300, and CPI rising by 2.49%.

The GDP growth rate in the fourth quarter of last year was 4.93%, which was 0.19 percentage points lower than the estimate released in January this year; the GDP growth rate in the third quarter of last year was 2.15%, which was 0.17 percentage points lower than the forecast in January of that year.

　　Zhu Zemin, the "Comptroller of Taiwan's General Accounting Office", said that the growth rate of Taiwan's foreign trade, consumption, and investment data is expected to decline this year; the reason for the upward revision of the annual GDP growth rate is because the base period last year was low.

As for the CPI growth rate in 2024, which may continue to rise, the "General Accounting Office" believes that it is mainly affected by the price of service products on the island, among which the increase in food expenses and rent will continue.

　　Taiwan's "Ministry of Economic Affairs" announced the latest industrial production statistics on the 29th. Benefiting from demand in artificial intelligence and other fields, the effect of stocking up before the Lunar New Year, and the impact of the low base period caused by last year's Lunar New Year in January, the industrial production index in January this year The index was 91.83 (a year-on-year increase of 15.98%), and the manufacturing production index was 91.68 (a year-on-year increase of 16.63%), both ending 19 consecutive months of negative growth.

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