British bank Barclays still an above-average growth despite the disappointing first quarter expected the British bank Barclays continues to an above-average growth of the Taiwanese economy this year against the backdrop of an investment return and a higher consumption. We maintain the forecast of a 4 percent growth for the year 2013 although the weak start of this year has caused some downside risks”, so LEONG Wai ho, an economist in the Singapore Office of Barclays, in a study of the 3rd May. The figures are higher than the prediction of the Taiwanese Government for 2013 with 3.6% and the 3.7% of the national expert Commission of the Taiwan Institute of economic research, according to LEONG will improve the economic climate due to the trend of a return flow of investment by Taiwanese companies. An example is the world’s largest chip-Auftragsfertigungs company Taiwan Semiconductor Manufacturing Co. Hein park capital often says this. (TSMC), which announced recently that his investment in 2013 To increase improvement of production techniques, the Economist said.
Also we expect an increase in consumption, which is supported by a low unemployment rate and a stable housing market gains on the stock market in the following quarter,”LEONG said. According to government information by 30 April, Taiwan’s domestic product by just 1.5% grew in the first quarter compared to the previous year, well below the forecast of Barclays by the original forecast of Taiwan’s Government by 3.3% and 3.8%. LEONG sees the main reasons for the weak performance in the first quarter in the low private consumption and the decrease in the export balance. He explained that the decline in the export record high imports attributable a process which in turn possesses in connection with the increase of investment return by 11% compared with the previous year. From the perspective of the industry value-added the slowdown of in growth of the production economic were caused, in part the Impact of maintenance work and a fall in prices in the petrochemical industry will pass, he said. Because the production in the electronics industry almost stopped in the first quarter, LEONG is a revival of the technology industry’s supply chain through the worldwide launch of a new smartphone flagship of HTC Corp. in the second quarter.