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<TABLE cellSpacing=0 cellPadding=0 width=452 border=0><TBODY><TR><TD vAlign=top width=452 colSpan=2>August 30, 2008, 2.06 pm (Singapore time)
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</TD></TR><TR><TD vAlign=top width=452 colSpan=2>Taiwan targets 5.08% economic growth in 2009

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TAIPEI - Taiwan's government has targeted economic growth of 5.08 per cent in 2009, up from the forecasted 4.3 per cent this year, despite the global economic slowdown, it was reported on Saturday.

The 2009 gross domestic product is forecast to rise T$700 billion (US$22.22 billion) to T$1.42 trillion, and per capita GDP is estimated at US$19,756, according to the government budget proposed by the cabinet, the United Daily News said.
The budget has been submitted to parliament for deliberation, it said.
The targeted moderate growth was based on a forecast 6.9 per cent increase in government spending and a 5.2 per cent rise in government revenues, plus a 6.67 per cent increase in private sector investment, it said.
Next year's consumer price index is targeted to drop to 1.1 per cent, down from the forecast 3.74 per cent this year. -- AFP

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