Macroeconomic Brief – April 2025
Taiwan’s economy showed steady growth in March 2025, driven by strong semiconductor exports and investment momentum, but rising costs and looming U.S. tariffs have dampened consumer confidence and export optimism.
macroeconomic forecast
Macroeconomic Brief – February 2025
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.
New Southbound Policy: A Ray of Light Amid Economic Doldrums
The policy, which aims to increase economic exchange with South and Southeast Asia, has produced positive results and is expected to generate more business opportunities next year. Amid global recessionary fears and U.S.-China trade tensions, President Tsai Ing-wen’s signature policy for the broader Asian region, the New Southbound Policy (NSP), is one of Taiwan’s bright…
Storm Clouds Ahead for Semiconductor Sector
Chip manufacturers will need to navigate new export controls by the United States and decreased global demand for semiconductors in 2023. In early October, the U.S. announced a sweeping set of export controls that in effect cut China off from advanced semiconductors made with American technology. The move aims to slow Beijing’s technological and military…
Taiwan Braces for Slowdown
Although the pace of growth is decreasing significantly, Taiwan is projected to fare better than most economies in 2023. Economic prospects were looking spectacular for Taiwan in 2021. As a global chip shortage fueled demand for Taiwanese electronics and semiconductors, its economic growth rate of 6.45% was the fastest pace since the rebound from the…
CSIS Report Sheds New Light on Current Business Sentiment in Taiwan
The survey report, focused on Taiwanese firms, can be used to supplement the results of AmCham’s annual Business Climate Survey. For close to a decade, AmCham has conducted an annual Business Climate Survey (BCS) of its 500-plus member companies, the majority of which are foreign multinational enterprises with an extended presence in Taiwan and pronounced…