economic growth 結果共79筆

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.

Global TV sales dip in 2023, with further decline projected for 2024 amidst changing consumer habits and potential material shortages, impacting prices. Experts foresee growth amid economic recovery.

Stay updated on Taiwan’s economic landscape with the latest news from Minister of Economic Affairs Wang Mei-hua. Discover insights on electricity price fluctuations and their impact on domestic issues, as well as the government’s strategies to address losses incurred by Taiwan Power Company. Explore the projections for economic growth and inflation rates amidst industry recovery and upcoming events.

Taiwan’s export performance reached a historic high from 2021 to 2023, but experienced a 9.8% decline in 2023 compared to the previous year, according to the Ministry of Finance. Despite this setback, exports to the U.S. continued to soar with a 49.7% year-on-year increase, while exports to countries covered by Taiwan’s New Southbound Policy also saw significant growth. However, exports to mainland China decreased to 35.2%. Taiwan’s total export tally for 2023 amounted to US$432.48 billion, ranking behind only 2022 and 2021. The demand for communications and electronic products during the pandemic-induced work-from-home trend boosted Taiwan’s exports. The Taiwan Institute of Economic Research predicted significant international trade growth in 2024, which would benefit export-oriented economies like Taiwan. In December 2023, Taiwan’s exports to the U.S. reached $8.49 billion, and exports to southern countries surged by over 50%. However, due to the limited coverage of free trade agreements (FTAs), many traditional Taiwanese industries chose to restructure risks and production in Southeast and South Asia. The return of Taiwanese businesses and the expansion of local factories after the U.S.-China trade war, as well as global economic circumstances, significantly impacted the decline in 2023 exports. The Directorate General of Budget, Accounting and Statistics (DGBAS) estimated the first-quarter export volume for 2024 to be around US$106.1 billion, which is an improvement compared to the same period in 2023, but a 10% decrease from 2022.

Hon Hai Precision Industry Chairman Young Liu has stated that the AI server industry is facing a shortage of AI chips, which is expected to persist throughout 2024. Liu emphasized that the problem can only be resolved by increasing production capacity in new factories. He also highlighted that geopolitical and economic conditions may affect the demand for consumer electronic products this year. Despite holding a significant position in the global AI server industry, Hon Hai is facing a shortfall in the supply of AI chips from major manufacturers like NVIDIA. While some second and third-tier factories claim their AI server performance will be good in 2024, Liu expressed skepticism and confusion about this situation.

Taiwan’s wealth gap widens as economic growth hits a 14-year low. Experts call for action to address income inequality and rising living costs.

Taipei’s Executive Yuan Spokesperson, Lin Tze-luen, announced a budget surplus for the 2023 fiscal year, attributing the achievement to the combined efforts of civil society and the government. The surplus will be allocated responsibly to maintain fiscal discipline, primarily focusing on debt reduction and infrastructure investment. Taiwan’s economy has experienced consistent growth, resulting in a budget surplus for seven consecutive years. In 2022, the surplus reached an impressive NT$500 billion, leading to a proposed special budget of NT$380 billion. This special budget aims to enhance economic and social resilience, with provisions such as a cash payment of NT$6,000 per citizen, support for labor and health insurance programs, and assistance for Taiwan Power Company. Additionally, the special budget includes programs to aid residential loan holders from the middle class and below. Lin emphasized the government’s commitment to considering public opinion and promoting national affairs to facilitate Taiwan’s sustainable development.

Taiwan’s government confirms budget surplus, prioritizes debt repayment and infrastructure investments. Cabinet spokesman Lin Tze-luen expresses gratitude for joint efforts leading to economic growth. Taiwan’s annual tax revenue exceeds target, reaching NT$367.1 billion in fiscal year 2023, marking the third-highest record. Speculation arises on possible cash rebate as government distributed NT$6,000 to citizens in 2022 surplus. Lin Tze-luen declares government will consider public opinion on surplus utilization. Surplus will be applied with fiscal discipline, focusing on debt repayment and infrastructure investments. Efforts will be made to meet national and individual needs for sustainable development.

President Tsai Ing-wen commends Taiwan’s remarkable economic growth, surpassing East Asia’s average, during a year-end celebration. She urges corporations to enhance employee benefits as her term nears its end.

The upcoming Taiwan presidential election is expected to have a significant impact on the country’s economic growth, according to a research report by France’s Natixis Corporate and Investment Banking company. The report suggests that regardless of the election outcome, Taiwan is poised for economic growth, with the consumer and tech industries leading the way. The research predicts that economic growth could increase from 1.2% in 2023 to 2.9% in 2024. While candidates share similar social and labor policies, the report highlights the major differences in their positions on industrial and energy areas, as well as Taiwan’s economic relationship with China. The report also mentions the potential role of Taiwan People’s Party (TPP) candidate Ko Wen-je in triggering legislative instability. The incumbent Democratic Progressive Party (DPP), leading in polls, is expected to continue pushing for diversified trade and investment policies, shifting focus from China to the U.S. and other Asian regions. However, achieving these targets may be challenging as Taiwan has missed out on regional trade and economic agreements such as RCEP, CPTTP, and the U.S.-led IPEF. If the Kuomintang (KMT) wins the election, they might seek closer trade and investment links with China by expanding the Economic Cooperation Framework Agreement (ECFA), according to Natixis.

If Kuomintang (KMT) candidate Hou Yu-ih wins the election, Taiwan’s political and economic situation could undergo significant changes, potentially easing tensions with China, according to a report by Nikkei Asia. Hou, a former police officer, has risen quickly in the political scene and is seen as a ＂law and order＂ poster child. Many Taiwanese voters are tired of President Tsai Ing-wen’s eight-year reign, especially regarding the increasing threat from China and slowing economic growth. Hou frames the election as a choice between peace and war, emphasizing the need to maintain good cross-strait relations. He accepts the 1992 Consensus and promises to restart the Cross-Strait Service Trade Agreement (CSSTA). Additionally, Hou advocates for a tough stance against crime and opposes the abolition of the death penalty, vowing to execute capital punishment if elected.

Taiwanese presidential candidate Lai Ching-te of the Democratic Progressive Party (DPP) has called on the Taiwanese people to use their votes as a defense against what he considers the most serious Chinese interference in the upcoming elections. Lai emphasized that while China has interfered in Taiwan’s elections before, the current situation is the worst. He believes that the best way to counter this interference is to ensure that the candidate supported by China does not win. Lai urged citizens to stand up against this interference by using their ballots to continue Taiwan’s progress and guarantee societal stability, economic growth, and the well-being of its people. He positioned the DPP’s battle not only against opposition parties but also against the Chinese Communist Party, underscoring the importance of maintaining a majority in the legislative yuan to prevent potential government functioning disputes. Lai kicked off his election campaign across 22 counties and cities, stating that this election is crucial for Taiwan’s future and Indo-Pacific peace stability. He encouraged the people to maintain the spirit of the past, choose the right person, and follow the right path.

President Tsai Ing-wen asserts that Taiwan is globally significant economically and does not rely on China as a conduit to the world. Tsai emphasizes the importance of Taichung in the upcoming elections, stating that over 50 percent of presidential and vice presidential votes will come from the city. She acknowledges that inadequate infrastructure has hindered economic growth during her presidency, leading to an investment of NT＄4 trillion in public infrastructure. Tsai also highlights her significant investments in social welfare, including elderly care aids, subsidies for children, and income tax exemptions for 47 percent of the Taiwanese population. She urges support for Democratic Progressive Party (DPP) presidential candidate Lai Ching-te in the 2024 election to continue her approach of incorporating economics, defense, and democracy to protect Taiwan.

President Tsai Ing-wen, at Zhonghe’s Haishan Palace, praised the adoption of her political approach by opposition parties and emphasized the suitability of DPP candidates Lai Ching-te and Hsiao Bi-khim for implementing her policies. She highlighted Taiwan’s significant export growth and infrastructure investment, and responded to opposition criticism on spending, ahead of the Jan. 13 elections.

The Taiwan Higher Education Union (THEU) has criticized the government for playing a false game with wage increases. While civil servants, including military and education personnel, are set to receive a 4 percent pay increase next year, over 21,000 technical and administrative staff at universities, about 70 percent, remain unsure of their raises. This uncertain group includes employees at private universities. The THEU believes that the government should not leave salaries of non-certified staff to the discretion of universities, as it causes division and lowers morale. Only around 9,000 public employees out of the approximately 31,000 full-time staff members at universities and colleges are certain about their pay rise next year. The THEU is concerned that the hardships of grassroots workers in tertiary education institutions are being overlooked amidst the upcoming presidential elections. They urge that national wage increases should apply to all university staff, with appropriate subsidies provided.

Taiwan’s GDP per capita has surpassed South Korea’s for the first time since 2003, reaching US＄32,625 in 2022 compared to South Korea’s US＄32,410, according to the Directorate General of Budget, Accounting and Statistics (DGBAS). This economic victory can be attributed to Taiwan’s higher growth rate in recent years and the greater depreciation of South Korea’s won. Taiwan had been trailing behind South Korea in terms of GDP per capita since 2003, but the gap between the two has been consistently shrinking. Additionally, in financial market news, Taiwan’s stock index has also advanced beyond Hong Kong’s for the first time in nearly 31 years, with the Taiwan Stock Exchange index closing at 17,370 points, outpacing the Hang Seng Index, which was weighed down by China’s low-earning equities and closed at 16,993.

Taiwan’s export orders in November reached US$50.6 billion, showing a 1% year-on-year growth after 14 consecutive months of decline, according to the Ministry of Economic Affairs’ Department of Statistics. However, export orders decreased by US$2.24 billion, or 4.2%, from October, with a seasonal-adjusted decrease of 5.4%. Notably, information and communication equipment orders increased by 10% annually to reach US$16.2 billion, ending nine months of negative growth. Electronic product orders also saw a 3.5% annual increase, amounting to US$17.8 billion and ending a 12-month downturn. Despite these positive developments, the overall export orders from January to November showed a decrease of US$97.38 billion, or 15.8%, compared to the previous year.

A new survey conducted by Cathay Financial Holding reveals that 59.3% of respondents expect their year-end bonuses for 2023 to be between one to three months’ worth of salary. Additionally, 45.9% of those polled anticipate a salary increase in 2024, with 9.2% expecting the raise to exceed 3%. However, only 8.3% foresee year-end bonuses topping three months’ salary, while 32.4% predict bonuses will fall below one month. In terms of regular monthly earnings in 2024, 47.6% of participants project stability. The survey also indicates that the average growth expectation for Taiwan’s economy in 2024 stands at 2.52%, with 70% of those surveyed predicting a growth rate above 2%. Respondents expect the inflation rate in 2024 to be 2.21%, with 55% believing it will remain above 2%. These figures differ from the projections by the Directorate-General of Budget, Accounting and Statistics, which forecasts a 3.35% growth rate and a 1.64% inflation rate for Taiwan in 2024. In December, the optimism index for Taiwan’s stock market rose sharply to 16.1 from -0.4 in November, and the risk appetite index increased from 10.3 to 13.9, indicating market anticipation of potential rate cuts by major central banks next year. The survey, conducted from Dec. 1 to 7, gathered 13,379 valid questionnaires via email from members of Cathay Life Insurance’s official website and customers of Cathay United Bank.

Nearly 46% of Taiwanese people expect a salary increase next year, according to a survey by Cathay Financial Holding Co. The survey also found that about 60% of respondents anticipate year-end bonuses ranging from one to three months’ salary, while 8.3% expect bonuses to exceed three months. However, 47.6% of those surveyed expect monthly wages to remain constant. The survey also revealed a conservative estimate for Taiwan’s 2024 economic growth, with an average expectation of 2.52%, contrasting with the more bullish 3.35% forecast by the Directorate-General of Budget, Accounting, and Statistics. Respondents predict an average inflation rate of 2.21%, with 55% believing it will exceed 2%, higher than the directorate’s projection of 1.64% for 2024. The survey was conducted from Dec. 1-7 and gathered 13,379 valid responses through email questionnaires.

President Tsai Ing-wen emphasizes the need for a stable government in the face of future challenges in Taiwan. She expresses her hopes to entrust the nation to reliable individuals during her visit to Hsien Heng Temple. Tsai highlights the experience and comprehensive backgrounds of the Democratic Progressive Party’s (DPP) presidential and vice-presidential candidates, Lai Ching-te and Hsiao Bi-khim. Reflecting on her own tenure, Tsai acknowledges the public support that has strengthened Taiwan’s economy. She discusses global events such as the pandemic, the Ukraine-Russia war, and Taiwan’s drought, noting Taiwan’s resilience and growing international support. Tsai emphasizes the importance of maintaining a parliamentary majority and urges the public to support the Lai-Hsiao ticket and cast their party votes for the DPP for a brighter future for Taiwan.

A survey by Cathay Financial Holdings reveals that Taiwanese are increasingly optimistic about year-end bonuses and economic prospects. 59.3% of respondents expect bonuses ranging from one to three months’ salary, surpassing last year’s 55%. Furthermore, 8.3% anticipate bonuses exceeding three months’ pay, reflecting an improvement in attitudes towards Taiwan’s economy. The Directorate-General of Budget, Accounting and Statistics predicts a 3.35% economic growth in 2024 with an inflation rate of 1.64%, but the public is more cautious, expecting a 2.52% growth and a 2.21% inflation rate. The optimism index for the local stock market has also improved. Additionally, 45.9% of Taiwanese anticipate salary increases, a 13.2 percentage point increase from 2022, while those expecting a steady monthly income dropped by 10.9 percentage points to 47.6%. Only 32.4% believe their year-end bonus will be less than one month’s salary, a decrease of 5.6 percentage points from the previous year.

The Ministry of Economic Affairs and the Ministry of Transportation and Communications in Taiwan have announced a new ＂Subsidiary Tourism＂ program aimed at boosting business travel. Foreign business travelers will be eligible for a subsidy of up to NT＄2,000 starting next year. The program has a budget of NT＄10 million and aims to support foreign business visitors to Taiwan. Stocks of related hotels have surged in response to this policy push, with analysts predicting positive growth for the tourism industry. The reduction in extended public holidays next year is expected to favor domestic tourism momentum and improve hotel occupancy rates. Overall, businesses and investors anticipate a robust year ahead for the hotel industry in Taiwan.

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.

President Tsai Ing-wen discusses her post-presidency plans, hinting at a possible teaching role after her term ends. Reflecting on her tenure, she acknowledges the challenges faced by Taiwan but highlights the stable growth and economic achievements during her governance. President Tsai expresses gratitude to her supporters and hopes for her successor to lead Taiwan to greater heights. Emphasizing the importance of presidential capability and political transformation, she commends the Democratic Progressive Party candidates for their steadfast execution of the ＂Tsai Ing-wen route.＂ President Tsai emphasizes the need for future leaders who are internationally trusted, capable of upholding peace and stability in the Taiwan Strait, and maintaining global cooperation and trust.

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.