Given an exponential rise in locally transmitted COVID-19 case numbers (the vast majority of which have been mild or asymptomatic), Taiwan’s leaders have quickly begun working to develop a policy of “coexisting with the virus.” As during the initial outbreak of the pandemic in 2020, some fumbles have occurred as that policy coalesces, but once…
By Courtney Donovan Smith Experts Split On Economic Forecast Uncertainty about inflation and supply chain resilience have led various organizations to reach different projections about the economy’s direction this year. The Chung-Hua Institution for Economic Research (CIER) in April raised its forecast of Taiwan’s 2022 GDP growth by 0.29 percentage points to 3.96%. CIER attributed…
By Dexter Murray Raising Interest Rates to Fight Inflation Taiwan’s Central Bank in late March raised its 2022 GDP growth forecast to 4.05%, up slightly from the 4.03% it predicted last December. The revision shows that despite slowing growth in Taiwan’s largest export markets and global uncertainty caused by the war in Ukraine, the Central Bank’s…
By Dexter Murray and Aimee Wu Balancing GDP Growth with Rising Costs in 2022 After last year’s GDP growth of over 6%, the Directorate General of Budgeting, Accounting and Statistics (DGBAS) forecast last month that Taiwan’s economy will grow 4.42% in 2022, an upward revision from the 4.15% it projected in November. While demand for…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS MSCI Lowers Taiwan Index Weightings Global index provider MSCI published its quarterly index review on February 10. The latest review saw a drop in Taiwan’s weighting in the MSCI Emerging Markets Index and the MSCI All-Country Asia ex-Japan…
Year 2021 Ends with Record Exports Taiwan’s export value for December reached US$40.72 billion, a year-on-year increase of 23.4%, according to the Ministry of Economic Affairs (MOEA). December’s robust export performance concluded a year that also saw GDP growth of over 6%. The cumulative export value for 2021 reached US$445.45 billion, representing annual growth of 29.4%….
Five years after its implementation, the Tsai government’s flagship policy initiative aimed at boosting engagement with South and Southeast Asian countries has delivered some encouraging economic results. But observers say that to fulfill the policy’s goal of developing more comprehensive relations, a greater focus on people-to-people ties is needed. Taiwan’s Executive Yuan reported this September…
Taiwan this year experienced its steepest economic growth in more than a decade. But a slower pace is expected in 2022 due to the higher base, more normalized demand, and supply chain adjustments. Despite semiconductor shortages, shipping logjams, energy price hikes, and the uneven distribution of coronavirus vaccines, the global economy in 2021 has bounced…
Ending The Year on A High Note Taiwan has managed to buck its severest coronavirus outbreak, coming out relatively unscathed in 2021. As proof, the island’s exports have continued to soar, reaching another record monthly high of US$40.14 billion in October. Meanwhile, the Directorate General of Budgeting, Accounting and Statistics (DGBAS) in late November raised…
Taiwan’s increasing use of green energy has been advantageous to its economy. As investment in renewables continues to grow, more gains are expected down the line. Renewable energy adoption is quickly becoming a priority for a growing number of businesses and governments. In 2019, assets under management in which institutional investors employed Environmental, Social, and…
