Taiwan’s economy continues to expand in early 2025, driven by strong semiconductor exports and AI demand, but concerns over potential U.S. tariffs and a cooling real estate market have tempered optimism. With GDP growth projections slightly revised downward and trade policies in flux, policymakers and businesses are closely watching global demand and supply chain shifts.

Taiwan’s economy showed signs of recovery in late 2024, with GDP growth rebounding to 1.8% YoY, driven by steady private consumption and expansion into green technology. However, challenges persist in 2025, as consumer confidence dips amid global uncertainties and new U.S. trade policies, prompting Taiwan’s government to implement measures supporting affected businesses.

Ray Yen, general manager of Smith & Wollensky Taiwan, combines decades of international culinary experience with innovative approaches to steakhouse dining, blending American traditions with local flavors. His journey highlights the adaptability and creativity required to thrive in Taiwan’s restaurant industry.

TOPICS Senior Editor Julia Bergström sat down with GE Vernova’s Roger Martella to discuss electrification, decarbonization, and the global energy transition, highlighting Taiwan’s role as a pragmatic leader. Drawing from his experience as former EPA General Counsel, Martella emphasized the importance of integrity, collaboration, and innovation in advancing sustainability efforts.