economic outlook 結果共13筆

Chu Chien-meng of the Development Association for Taiwan Tour Guide shares a bleak outlook for Taiwan’s tourism in 2023 due to unresolved political tensions with China and a new ban on group tours. The industry also faces challenges from recent natural disasters and legal issues, despite calls for more open policies to boost tourism and economic growth.

Taiwan’s Consumer Price Index indicates a continued slowdown in inflation with a slight rise in March. The Central Bank revises its inflation forecasts as electricity and living costs surge. The public’s economic outlook remains cautiously optimistic.

The Purchasing Managers’ Index (PMI) for Asian manufacturing in March shows varying recovery rates across the region, with Taiwan’s manufacturing sector on the rise and confidence among Taiwanese businesses reaching a nearly three-year high. Japan also saw improvement, while South Korea and Vietnam experienced contractions. Paul Smith from S&P Global Market Intelligence notes signs of price and supply stabilization supporting a more optimistic outlook for the Asian manufacturing sector.

Read about the latest insights from the 2024 Taiwan Business Leadership Survey by PwC Taiwan. Discover how Taiwanese business leaders are navigating challenges and opportunities in a rapidly changing economic landscape, with a focus on sustainability, competition, and transformation. Gain valuable perspectives on the future outlook and industry-specific trends shaping Taiwan’s business environment.

Premier Chen Chien-jen addresses potential cash payments to the public in response to economic conditions for 2025 and 2026 during a Legislative Yuan hearing. Discussions highlight the government’s focus on National Health Insurance, labor insurance, and subsidies for Taiwan Power Company, with implications for Taiwan’s social policy and fiscal decisions in the future.

Stay updated on Taiwan’s economic progress as the National Development Council reports a stable outlook for January 2024. Economic indicators show positive trends in production, investment, sales, and finance, signaling continued recovery. Follow the transition from recession to a transitional economy in key sectors, reflecting a promising shift in Taiwan’s economic landscape.

TSMC chairman Mark Liu’s upcoming retirement in 2024 has led investment experts to suggest that the semiconductor giant should slow down the progress of its new manufacturing facility in the United States. Industry analyst Jonah Cheng believes that TSMC’s policy direction will remain unchanged under the leadership of chief executive C.C. Wei, who is expected to succeed Liu as chairman. Cheng also proposes maintaining a dual leadership structure to cultivate successors from various backgrounds. Speculation suggests that Liu’s retirement may be linked to potential investment challenges in the company’s U.S. expansion. In response to these challenges, Cheng recommends a deceleration in the construction of TSMC’s second U.S. plant. He also highlights the need to assess the current downturn in the car market and economic outlook before proceeding with the German plant focused on automotive applications. Cheng suggests that the Japanese facility could be an optimal choice due to labor and power shortages in Taiwan, as well as cultural similarities and strong government support from Japan. TSMC’s primary obstacle, according to Cheng, is maintaining its leadership position in the semiconductor industry, especially after surpassing Intel. Additionally, the cyclical nature of the industry and the potential opportunities presented by the rise of artificial intelligence (AI) applications pose further challenges for the company.

A survey by Cathay Financial Holdings reveals a rise in Taiwan’s economic confidence, with the outlook index turning positive and stock market optimism rebounding. The December survey shows that 70% of the population expects the economic growth rate to exceed 2% in 2024, while 55% anticipate the inflation rate to remain above 2%. These expectations differ slightly from projections by the Directorate-General of Budget, Accounting, and Statistics (DGBAS), which forecasts a 3.35% economic growth rate and an inflation rate of 1.64% for 2024. The DGBAS data suggests that people may be more conservative about economic expansion and anticipate higher inflation. Additionally, expectations for salary adjustments have improved compared to 2022, with 45.9% of those surveyed predicting wage increases. Of these, 9.2% believe raises will exceed 3%, and 47.6% expect monthly regular wages to stay the same. Taiwan’s current situation confidence index has climbed from -23.2 in November to -3.0 in December, while the future outlook confidence index has improved from -9.1 to 3.6, signaling growing optimism about Taiwan’s upcoming economic climate.

Kaohsiung Mayor Chen Chi-mai expresses confidence in the stability of the legislative and presidential election outlook for Kaohsiung, as it aligns with initial expectations. He emphasizes the need for cooperation between central and local governments and the legislature to promote infrastructure and urban economic development in the southern industrial city. Chen calls on candidates to build trust among voters by presenting positive visions and policies, particularly focusing on providing opportunities for newcomers to engage with the public. Democratic Progressive Party candidates are expected to propose policies for Kaohsiung’s development and Taiwan’s stability to gain public support. Chen highlights the importance of humility and self-reflection for political parties, urging them to acknowledge shortcomings and continue their efforts in areas of success.

The Financial Supervisory Commission (FSC) Chairman, Huang Tien-mu, addressed questions from Kuomintang Legislator Lin Te-fu about Taiwan’s stock market. Huang emphasized the significant role of domestic funds and corporations in driving market momentum, despite the heavy presence of foreign capital. While foreign capital makes up around 40% of the market value, it accounts for only 30% of regular stock volume. Huang stated that this indicates the considerable impact of internal funds and corporations on the market. Huang also highlighted a record inflow of foreign investment in November 2022, with overseas investors injecting over NTD $350 billion into the Taiwanese market. He attributed this surge in foreign investment to cooling inflation rates in the United States and a retreat from the highs of U.S. national debt yields. Huang argued that confidence in Taiwan’s robust economic fundamentals and attractive yield rates has led to increased foreign investment trust in Taiwan’s stocks. He further emphasized that the sustained influx of ’hot money’ into Taiwan indicates substantial interest from both foreign and local investors. This interaction underscores the FSC’s recognition of diverse investment sources in strengthening the Taiwanese stock market and suggests a cautiously optimistic outlook for continued investment in the island’s economic landscape.

According to a national economic confidence survey by Cathay Financial Holding, approximately half of respondents believe their salaries will increase in 2024, showing a more optimistic outlook compared to last year. About 25% of respondents anticipate a pay hike of more than 3%. This comes after the Ministry of Labor’s decision to raise the minimum wage by just over 4% in 2024. 64% of respondents reported that their income has remained unchanged over the past six months, while 18.1% said it has increased and 17.9% said it has decreased. Looking ahead to next year, 25.2% of respondents expect a salary increase of more than 3%, a significant increase from last year’s survey. The survey also reveals that respondents predict the country’s economic growth rate to stay at 1.6%, with only around 21% believing it will surpass 2% this year. In terms of inflation expectations, the median value remains steady at 2.5%, with 84% of respondents believing this year’s inflation rate will be more than 2%. Overall, the public maintains a conservative outlook on economic expansion, while inflation expectations remain higher.

Pegatron Corp. Chairman Tung Tzu-hsien expressed optimism about the easing of U.S.-China tensions and the possibility of reestablishing communication mechanisms. He believes this development is significant for global political and military tensions. Tung also commented on the uncertain state of the world economy and the status of orders, but remains hopeful about the U.S. finishing its interest rate hike and inventory destocking. He mentioned the ongoing Asia-Pacific Economic Co-operation (APEC) meeting in San Francisco, highlighting the attendance of important leaders and their arrangements to meet and communicate. Tung emphasized the efficient inventory clearance in the past year and stated that the industry’s outlook depends on the absence of unexpected war and global turmoil. He also mentioned the need for patience regarding Pegatron’s orders and indicated uncertain visibility for orders in 2024.

For many office workers in Taiwan, it’s getting more and more expensive to get take-outs as the daily cost of their lunches often falls between NT＄200 and NT＄300.