Goldman lifts growth forecasts for Taiwan, S Korea

[dArKeR]

Goldman Sachs Group Inc raised its economic growth forecasts for Taiwan, citing a more positive outlook for exports. It also lifted its prediction for South Korea this year, saying it expects domestic demand to rebound from a slump sooner and more sharply than previously.

For Taiwan, the world's third-largest securities firm upgraded its economic growth forecast for this year to 4.5 percent from 4.2 percent, according to a research report released yesterday.

A more positive outlook for exports is prompting companies to increase investment, the report said.

http://www.taipeitimes.com/News/biz/archives/2005/03/09/2003245563

[On the Road]

1. Hi, dArKeR

Have missed your posts on Taiwan. Wouldn't it be something if the US fell into recession wihout causing a depression in Asia? We're not the only export market around.