export growth rate 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.

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.

Taiwan’s central bank has announced that it will maintain its interest rate for the third consecutive time in its quarterly board meeting. The decision was influenced by price changes and the need to balance stabilizing consumer prices with sustaining economic growth. Despite rising consumer prices due to natural disasters, the central bank remains optimistic and expects the inflation rate to drop below 2% next year. Forecasts for Taiwan’s GDP growth rate in 2023 are more positive, projected to reach 3.12%. This is supported by increasing private consumption, particularly in tourism and dining, as well as the central bank’s expectation of a global export increase to stimulate local investment and drive economic recovery. In contrast to the Federal Reserve in the U.S., Taiwan’s central bank stated that its monetary policy approach would be adjusted gradually based on the country’s economic conditions. Despite high housing prices, the central bank has decided against imposing stricter measures or withdrawing from market intervention to avoid further impact on the property market.

Taiwan’s exports for 2023 are projected to exceed US＄400 billion, making it the third-highest on record. Minister of Finance Chuang Tsui-yun expressed confidence in the sustained positive trend, with monthly exports in the fourth quarter expected to surpass US＄30 billion each. The country has accumulated US＄355.1 billion in export figures for the first ten months, putting it on track to achieve the forecast. Year-end stockpiling needs, emerging technologies, and opportunities in artificial intelligence contribute to cautious optimism for November and December’s export performance. Taiwan’s full-year exports are anticipated to trail behind the US＄446.4 billion seen in 2021 and the US＄479.4 billion in 2022. Since 2017, Taiwan’s annual exports have consistently surpassed US＄300 billion, a significant increase from the figures prior to 2016. The Directorate General of Budget, Accounting, and Statistics forecasts a 6.3 percent export growth rate for the coming year.

Taiwan’s Finance Minister, Chuang Tsui-yun, projects that Taiwan’s total export value for this year will exceed US$400 billion, marking the third-highest record in Taiwan’s history. The nation’s exports for the first ten months of the year have already reached US$355.1 billion. Despite a slight decline in October, Taiwan’s export sector has shown signs of resilience, with positive growth in September. Chuang advises industry leaders and government departments to closely monitor global economic factors, such as inflation and the interest rate hike cycle, which may impact exports. Cautious optimism is emphasized for exports in the fourth quarter and beyond.

Taiwan’s government has dismissed reports of a recession, citing an average annual economic growth rate of 3.4% from 2016 to 2022, surpassing the global average. Despite declining export orders, Taiwan achieved record-breaking exports of $479.4 billion last year and outperformed other Asian economies, according to Executive Yuan spokesperson Lin Tze-luen.