Economy performance tops 4 ‘tigers’ of Asia, says IMF
Taiwan will outperform the three other “Asian tigers” in economic growth in 2015 and 2016, the International Monetary Fund (IMF) said.
In its latest World Economic Outlook ( WEO) report, the IMF maintains its previous economic growth forecast for Taiwan in 2015 at 3.8 percent and forecasts its 2016 growth at 4.1 percent, both higher than the global average growth of 3.5 percent (2015) and 3.8 percent (2016). The figures for Taiwan are highest among the four “Asian tigers” — Taiwan, South Korea, Singapore and Hong Kong.
Singapore is expected to register a growth of 3.0 percent for both 2015 and 2016, according to the report, while growth for Hong Kong for 2015 and 2016 will be 2.8 percent and 3.1 percent, respectively. South Korea will have figures of 3.3 percent and 3.5 percent, respectively.