If you’re waiting for things to go back to the way they were a couple years ago, it’s not going to happen. That was one of the key messages we heard during this summer’s CEO Mission to Washington, D.C., formerly known as “The Doorknock.” Officials in the Trump administration along with Democrats and Republicans in…
Trade War Sends Q2 to Sluggish Start Normally June is a peak season for exports of electronics items, the bulwark of the Taiwan economy. But the value of export orders received in June fell by 4.5% from the level of the same month last year to come to US$38.5 billion, the eighth straight month to…
Momentum Slows Two key institutions in April trimmed their forecasts for Taiwan’s GDP growth in 2019, citing falling exports as global demand for consumer electronics slumped amid a prolonged U.S.-China trade war. Standard Chartered Bank cut an earlier GDP forecast of 2.5% to 2.1%, with its chief Taiwan-based economist saying that the first quarter’s 4.2%…
2019 Off to Slow Start Central banks throughout the world have been in a holding pattern amid a global economic slowdown and a protracted, bitter trade war between the U.S. and China. The U.S. Federal Reserve in late March announced that it will not increase rates during 2019. The Bank of England is unlikely to…
With their heavy exposure to China, Taiwanese tech firms are feeling the bite of the U.S. tariffs on Chinese goods. For years, China bears warned Taiwanese tech firms about their dependence on the Chinese market. A deep recession in China or a cross-Strait relations crisis could spell trouble for companies overly reliant on Chinese manufacturing…
I used to wait until breakfast before reading the news. Now it’s the first thing I do after shutting off my alarm. Before getting out of bed, I reach for my iPhone and start scanning the headlines of The New York Times, Wall Street Journal and Financial Times for positive news that might have broken…
Forecasts for Taiwan’s economic growth next year currently range between 2.18% and 2.5%. The Taiwan economy is expected to undergo a moderate slowdown next year as overseas demand falters for its information technology and other high-tech products. But if that prospect is somewhat disappointing, the consolation is that Taiwan is likely to escape suffering harsh…
