Taiwan Today

• By  Meg Chang

Taiwan’s economy is expected to grow by 5.88 percent in 2010 on the back of rising exports and stronger domestic demand, according to the Taiwan Research Institute June 14.
“Strong demand from emerging markets like mainland China and India is giving Taiwan’s exports added momentum,” said Wu Tsai-yi, president of the Taipei-based think tank.
The TRI’s latest forecast sees an increase in cross-strait trade activities following the signing of the economic cooperation framework agreement. This is expected to spur Taiwan’s export growth to new highs.
The TRI predicts a robust annual growth rate of 16.77 percent in exports for 2010, compared with last year’s decline of 9.11 percent.