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le2

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Alias Born 02/18/2007

le2

Re: None

Friday, 05/30/2008 2:51:36 AM

Friday, May 30, 2008 2:51:36 AM

Post# of 4274
hold da kæft hvor er de dumme de bliver ved med at tale om en global recession pga nedturen i usa som de slet ikke har målt officielt endnu

og så accelererer boomet fortsat i resten af verden

jeg kan godt forstå at landsbytosserne på spekulant hellere vil holde sig til danske aktier og lukke øjnene for resten af verden, det er alt for kompliceret for dem at holde styr på hvad der foregår i verdensøkonomien

Taiwan's economy grows over six percent: official data
Taiwan's economy grew more strongly than expected during the first quarter, official data showed Thursday, continuing a spate of robust Asian growth data despite a US slowdown.

The island's economy grew at an annual rate of 6.06 percent in the first three months of the year, driven by robust overseas demand, the government said Thursday. It had previously forecast 5.13-percent growth over the period.

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The expansion reflected strong exports which boosted the domestic economy, said the Directorate General of Budget, Accounting and Statistics, but it was nonetheless slower than the revised fourth quarter rate of 6.50 percent.

Cheng Cheng-mount, Citibank's chief economist in Taipei, said some of Taiwan's Asian trading partners had already reported better than forecast growth, providing clues about Taiwan's likely performance.

He said scrutiny of "the first quarter results of the Southeast Asian countries (showed) their economic growth was also higher than expected."

But the economist warned that the slowing US economy, which is battling a housing downturn and financial crisis, and rising inflation loomed over the island, threatening a slowdown.

"The first quarter would be the peak of the Taiwan economy as the global economy is expected to slow down in the second and third quarters," he said.

The official data showed emerging markets, including countries in Southeast Asia and the Middle East, absorbed 18.7 percent of Taiwan's exports over the three months to March. The US accounted for 11.4 percent and the EU 10.9 percent.

For 2008 as a whole, Taiwan's economy will grow by 4.78 percent, up from a February projection of 4.32 percent, the Directorate General predicted.

It estimated inflation this year would be 3.29 percent, up from an earlier forecast of 1.98 percent.

Analysts have become more upbeat about Taiwan since President Ma Ying-jeou won presidential elections and took office in May. Improved sentiment has helped the country's stock market to rise this year -- one of the few in Asia to do so.

Ma has struck a more conciliatory tone towards China compared with his predecessor, raising hopes of better commercial ties, such as improved tourism and transport links.

China and Taiwan said Thursday they would quickly resume talks suspended for more than a decade, in the latest sign of the dramatic thaw in tension between the rivals.

But analysts remain concerned that soaring crude oil prices could send inflation higher and end up slowing the economy. Taiwan has already announced fuel price hikes of up to 16 percent this week.

Economic growth elsewhere in Asia also proved to be robust in the first quarter.

On Wednesday, Malaysia said its economy had expanded at an annual rate of 7.1 percent and faced only a modest slowdown later in the year.

Earlier this week, Thailand said its economy had expanded by 6.0 percent, bolstered by increased consumer spending and a stimulus package from the new elected government.

Japan and Hong Kong have also posted good economic growth data in recent days, but analysts remain concerned about the possibility of poorer performance ahead as the US slowdown bites.

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