By Simon Xiao GDP Forecast Raised The Chung-Hua Institute for Economic Research (CIER) has revised its GDP growth forecast for 2024 to 3.81%, an increase from April’s estimate of 3.38%. This adjustment is attributed to robust global demand for AI technologies, heightened exports, and strong domestic consumption. These optimistic projections from CIER align closely with…
Taiwan’s drag queen performers are breaking new ground, moving to mainstream platforms fitting for a high caliber of talent. In the effervescent landscape of Taiwan’s entertainment industry, drag queen performers are making significant strides in expanding their presence beyond the traditional nightlife scene. This evolution is not only reshaping the nation’s cultural fabric but also…
Amid shifting global aviation dynamics and economic changes, Taiwan emerges as a pivotal hub. But slow upgrades might keep it from reaching its full potential. Navigating the skies over Asia in 2024 requires updated pilots’ aeronautical charts. The global aviation map has changed dramatically in recent years, notably with Russia’s war in Ukraine altering flight…
In recent years, Taiwan has steadily climbed up the ladder of major trading partners of the United States. Between 2018 and 2021, the value of two-way trade in goods rose by 50% from US$76 billion to US$114 billion, according to U.S. government data. That growth enabled Taiwan to move up one notch each year in…
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%….
