Taiwan Institute of Economic Research (TIER) announced on Tuesday a rebound in economic growth for February. That’s because of a slight positive outlook in the global economy. The manufacturing sector in Taiwan saw a slight increase in output from last month. The service sector has also seen growth in the last three months.
The director of the institute’s Macroeconomic Forecasting Center Gordon Sun said that he does not think the recent student protest to the cross-strait services is affecting economic analyses.
“The results of our observations show that [the student protest] has not caused any effect. There’s only a slight fluctuation on Taiwan’s stock market. Currently the situation looks like it is more in line with the international market, so there is not much influence on the survey results so far,” said Sun.
But the institute also said that the recent Ukraine incident and the gradual back down of quantitative easing in the US have brought about a slight negative effect on domestic manufacturers in February.