Econ­omy per­for­mance tops 4 ‘tigers’ of Asia, says IMF

The China Post - - LOCAL -

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.

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