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What is the difference between the economic growth rate forecasted by DGBAS and the economic growth goal set by the Council for Economic Planning and Development (CEPD)?

1. Predicted and target economic growth rates both describes the country's economic prospects. However, the former version reflects the most likely outcomes, and the latter one is the ideal goal for the policy planning of economic development.

2. DGBAS' economic growth rate forecasts are based on the economic quantitative models and the most up-to-date domestic and foreign economic situations. After reviewed and endorsed by the National Income Statistical Evaluation Committee composed of outside scholars, experts, and representatives of relevant agencies, forecasts are modified and released on a quarterly basis (in February, May, August, and November), to enable government agencies to draft annual administrative strategies, compile tentative budgets, adjust the fiscal and economic policies, and provide management decision-making reference for general public including private companies and academic research institutions.

3. Yearly economic growth goals are set by the CEPD at the end of the previous year. Generally these goals are not altered in accordance with circumstance changes within the year (for instance, the economic growth goals of 2009 was kept 2.5% unchanged, while DGBAS' economic growth forecasts for 2009 in November 2008 and February 2009 were 2.12% and -2.97% respectively), and the characteristics and functions of the economic growth goals by CEPD are quite different from DGBAS' forecasts.