Brightbridge Wealth Management Headlines: Ifo economic survey remains optimistic on Taiwan

http://brightbridgewealthmanagement-advice.com/2011/05/brightbridge-wealth-management-headlines-ifo-economic-survey-remains-optimistic-on-taiwan/
The latest Ifo World Economic Survey indicates that Taiwan’s economy will continue to strengthen in the next two quarters along with the global economic recovery, the Council for Economic Planning and Development said May 18.
According to the CEPD, experts polled in the quarterly Ifo survey rated Taiwan’s overall economic climate as “satisfactory” and its private consumption as “good.”
They expect the two categories to show similar results in the next six months and for capital spending to remain “the same.”
Exports are expected to pick up steam, while stock prices are likely to be higher, according to the Ifo survey. Consumer prices and short and long-term interest rates are likely to increase, while the New Taiwan dollar will continue to strengthen versus the U.S. dollar, the survey said.
On the global front, the survey predicts the world economy to continue recovering from the 2009 Great Recession, but at a more moderate pace. The benchmark World Economic Climate Indicator reached 107.7 in the latest poll, up from the 106.8 points in the previous survey.
The CEPD said the stable growth of world economy will help Taiwan maintain its foreign trade momentum. A series of government programs, including its global investment promotion campaign, will help drive the nation’s economy forward, the agency added.
Initiated in 1981 by the German-based Ifo Institute for Economic Research, the Ifo WES assesses the economic situation worldwide based on a comprehensive survey among global professionals.