Higher GDP Growth Seen on Rising Exports The Taiwan economy is expected to experience higher growth this year due to improved levels of demand on world markets. The Yuanta-Polaris Research Institute, a Taipei economic think tank, raised its 2018 GDP growth forecast from 2.4% to 2.55% based on increased export activity. The government’s Directorate General…
Momentum Continues On Export Growth The Taiwan economy continued its upward momentum through the first quarter of 2018 as exports maintained their double digit gains, unemployment stayed low, and consumer and business confidence remained high. On the back of International Monetary Fund (IMF) forecasts of rising global trade and growth, analysts expect Taiwan’s trade impetus to…
Exports Experience a Slight Weakening Taiwan’s export streak finally came to an end in February after 16 straight months of gains when exports declined by a slight of 1.2% for the month, mostly attributed to Chinese New Year holiday which this year fell on February 15-20. The months of January and February are generally considered…
Positive News to Start The Year of the Dog Taiwan welcomed the new year with continuing good news on the economic front, with major metrics pointing to continued growth and prosperity. The TAIEX weighted index of stock prices closed February 27 down slightly but still maintaining its high average at 10,815 points. Unemployment continued its…
POSITIVE END TO 2017 Taiwan and the world finished 2017 on a good note – with the expectation of more good news in 2018. The Taiwan economy ended the year by recording its strongest growth level in years, on the back of record-high exports. Momentum is likely to continue into 2019, with leading indicators all…
Rising worldwide demand for Taiwan’s export products is injecting more vitality into the economy. Most economists are currently forecasting GDP growth for this year and 2018 in the range of 2-2.5% – not the fast pace that Taiwan was long accustomed to, but still an improvement over recent economic performance. Given Taiwanese companies’ prominent role…
Exports are up as global GDP growth is on the rise, but uncertainty over energy and labor remain hurdles for Taiwan’s economy. Please see this month’s Taiwan Business TOPICS Cover Section for a comprehensive look Taiwan’s current macroeconomic conditions and forecast for 2018.
Optimism Grows The characteristically pessimistic Taiwanese consumer is slightly less gloomy, according to a pair of recent surveys. In a Cathay Financial Holding Co. survey, 26.7% of respondents said they think the economy will improve over the next six months, compared to 32.4% who said it would deteriorate. This is the most upbeat result the…
By nearly all measures, Taiwan’s economy is performing well. Exports – crucial drivers of growth – are up 12.5% through July in annual comparisons, according to data from the Bureau of Foreign Trade of the Ministry of Economic Affairs (MOEA). Equally important, so are export orders, an indicator of future sales, which rose in July…
Export Recovery Fuels Higher GDP Growth Optimism regarding Taiwan’s economy is rising alongside trade figures as the island continues to benefit from the ongoing recovery in the global economy. Nearly all of the local economic analytics firms have raised their forecasts for GDP growth for 2017, with Academia Sinica, Taiwan’s top academic research institution, coming…
