economic uncertainties 結果共6筆

Discover the latest insights from Academia Sinica’s 2024 Taiwan Economic Forecast, highlighting a 6.56% GDP growth driven by global trade and tech demand. Learn about consumer trends, investment shifts, and future projections amidst uncertainties.

Formosa Plastics Group is navigating economic challenges with a 3% salary increase for employees, despite a significant drop in revenue and profit in 2023. Learn about their strategic focus on AI transformation and innovation.

Explore the latest economic forecasts for Taiwan as the Taiwan Institute of Economic Research projects a GDP growth of 3.29% and a CPI increase to 2.13%. Amidst stable domestic demand and expanding exports, concerns over rising costs and geopolitical tensions loom. With cautious business investments and the global economic climate’s uncertainties, Taiwan navigates through challenges towards growth.

Central Bank Governor Yang Chin-long predicts Taiwan’s inflation rate to drop to around 2% in 2024 due to expected international oil price decreases and modest service price increases. The Central Bank’s upcoming board meeting is anticipated to maintain the re-discount rate at 1.875%. Yang cites declining inflation rates and negative output gaps as key factors influencing the decision. Geopolitical conflicts and weather conditions pose uncertainties to Taiwan’s inflation trends.

The Ministry of Labor in Taiwan has announced that 364 companies have implemented reduced work shifts, affecting a total of 9,809 employees. Among these companies, four manufacturing firms have halted or prematurely ended these initiatives due to urgent orders. The manufacturing industry has been the most impacted, with 203 businesses and 8,791 individuals affected by reduced work hours. The Department of Labor Standards and Equal Employment Director Huang Wei-chen noted that large-scale businesses are typically the first to cease these initiatives when economic conditions improve. Huang also predicted that the number of companies implementing unpaid leave may decrease by the end of the year or early next year. This situation highlights the delicate balance between ensuring employee welfare and meeting business requirements, especially in the face of current economic uncertainties. The Ministry of Labor continues to oversee work policies to protect workers while promoting strong industrial performance.

Taiwan’s Minister of Economic Affairs emphasizes the importance of key tech industries to the country’s economy and the need to protect them from corporate espionage. The high-tech sector in Taiwan has attracted attention from mainland China, resulting in the headhunting of Taiwanese tech talent. In response, Taiwan amended its National Security Act to impose stricter penalties for theft of business secrets. Additionally, Taiwan’s industrial production index has declined for 16 months, but there are signs of increased demand in the AI industry chain. Despite uncertainties in consumer behavior and global economic recovery, industry feedback suggests potential growth in future quarters.