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Economists pessimistic on prospects for economy


Panel members at a forum listen yesterday to National Taiwan University economics professor Kenneth Lin.
Photo: Wang Min-wei, Taipei Times

Government efforts launched last month to stimulate the economy lack any clear results and GDP might still contract or grow at a rate of less than 1 percent, economists said yesterday.

National Taiwan University economics professor Kenneth Lin (林向愷) said he did not believe President Ma Ying-jeou (馬英九) could make good on his promise to make economic progress within the month — which would be up on Wednesday — despite a rise in exports last month and a lowering of the unemployment rate.

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Annette Lu offers to give up pension bonus

Former vice president Annette Lu (呂秀蓮) yesterday said she was giving up her year-end bonus in a move to uphold fairness and justice in the light of recent controversy about year-end pension bonuses to retired government employees and government fiscal difficulties.

Lu said in a press release that she would give up the one-and-a-half-month bonus to facilitate reforms on benefits for civil servants, military personnel and teachers.

Last Updated ( Monday, 22 October 2012 09:01 ) Read more...
 


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Newsflash

A leading US academic on Taiwan said Beijing understands that it has an interest in keeping President Ma Ying-jeou (馬英九) and the Chinese Nationalist Party (KMT) in power and for that reason is “not currently pushing its larger agenda.”

Richard Bush, director of the Brookings Institution’s Center for Northeast Asian Policy, told a Washington conference that how China deals with the Taiwan issue would be a “litmus test” on what kind of great power it would eventually be.