Quotes from Standard Chartered:
-Taiwan is scheduled to release final Q3 GDP data on 28 November. We expect the growth reading to be unchanged at 3.78%, the fastest since Q4-2012. The economy has expanded for six straight quarters as the external demand recovery has spread to the domestic economy. We remain positive about Taiwan’s growth prospects.
-Several leading tech companies have reported improving export order visibility for early 2015. Given that Taiwan is a net importer of oil, the recent sharp fall in international fuel prices is likely to contribute positively to the trade balance. Taiwanese households spend c.13% of their income on transportation and communication, so lower fuel and gasoline prices should allow for increased discretionary spending.
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