The head of Taiwan's government statistics office, Chu Tzer-ming says that it should not be a problem for Taiwan to achieve 1% GDP growth this year. Chu, who is the minister of the Directorate-General of Budget, Accounting and Statistics (DGBAS), was responding to questions at the legislature on Monday.
Chu's comment about the GDP was in response to a question from Kuomintang (KMT) Legislator William Tseng in a legislative committee. Tseng questioned the likelihood of GDP reaching the projected 2.38% growth in the fourth quarter of this year, when the same period last year saw negative growth of 0.39%.
Chu said that it should not be a problem for Taiwan's GDP to reach its projected targets and achieve 1% growth for the year as a whole.
Another lawmaker asked Chu why 1% growth was now possible for this year, when in the past people said it would be very difficult to achieve. Chu responded by saying that domestic consumption and investment had both grown 2%.
Source: Radio Taiwan International