The government estimates that Taiwan’s economy will see slight growth in 2018. That was the word from Premier William Lai at the Legislature on Friday.
Lai was giving a briefing on the third phase of a watershed management bill for 2019 and the central government general budget bill for 2018. Lai cited a forecast from London-based IHS Markit. He said the domestic economy will likely see slight growth next year thanks to the steady recovery of the global economy.
Lai gave details of economic trends for the upcoming year that will help boost the economy. He said a growing international market for artificial intelligence, Internet of Things and automotive electronics will boost exports. He also said a growing semiconductor sector and projects from the government’s forward-looking infrastructure plan will boost investment in both the public and private sectors.