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Taiwan think tank raises 2022 GDP growth forecast to 3.96%

TAIPEI (Taiwan News) — Taiwan’s export performance and stable investment situation will allow its economy to grow by 3.96% this year instead of the 3.67% predicted last December, the Chung...

Head of economic think tank claims inflation not problem for Taiwan

TAIPEI (Taiwan News) — Tsao Tien-wang (曹添旺), the head of the Chung-Hua Institution for Economic Research (中華經濟研究院), has claimed that while the prices of individual commodities in Taiwan have ris...

Taiwan's economic growth for 2021 hits 6%

TAIPEI (Taiwan News) — Taiwan’s gross domestic product is likely to expand by 6.01%, as the economy grew by an estimated 3.8% during the third quarter, the government said Friday (Oct. 29)...

More social housing needed in Taiwan as house prices skyrocket

TAIPEI (Taiwan News) — A Taiwanese economics expert is urging the government to invest more in social housing as the country’s youths are feeling increasingly dissatisfied due to soaring h...

Think tank raises Taiwan GDP growth forecast to 5.84%

TAIPEI (Taiwan News) — Taiwan’s Gross Domestic Product (GDP) is likely to expand by 5.84% this year instead of by the 5.16% forecast three months ago, the Chung-Hua Institution for Economi...

Think tank calls on Taiwan to join the CPTPP before China does

TAIPEI (Taiwan News) — Taiwan should join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) before China, otherwise the nation will find it difficult to become a ...

Taiwan’s non-manufacturing index rises two months in row

TAIPEI (Taiwan News) — The fact that Taiwan’s non-manufacturing index (NMI) has gained ground for two months in a row showed that the economy has been going through a revival, a leading ec...

Foreign banks optimistic about Taiwan economy

TAIPEI (Taiwan News) — French bank Natixis and Singapore’s DBS Bank both presented optimistic forecasts for Taiwan’s economy in 2021 despite COVID-19, reports said Friday (July 30). ...

Taiwan businesses see rising costs eat into profits for second half of 2021

TAIPEI (Taiwan News) — The rising cost of raw materials and shipping will eat into the profits of both the manufacturing and non-manufacturing sectors in Taiwan during the second half of the yea...

Taiwan think tank sees economy grow by 5.16% in 2021

TAIPEI (Taiwan News) — Taiwan’s Gross Domestic Product (GDP) is likely to expand by 5.16% this year as exports keep booming and the domestic sector recovers, the Chung-Hua Institution for ...

Taiwan’s non-manufacturing index plunges because of COVID

TAIPEI (Taiwan News) — Taiwan’s non-manufacturing index (NMI) saw its steepest decline in a year in June, with the hospitality and restaurant sectors in particular suffering due to COVID-1...

Taiwan's manufacturing index surges to new high

TAIPEI (Taiwan News) — Taiwan's manufacturing continues to flourish and the Purchasing Managers' Index (PMI) soared to a new high in April, the Chung-Hua Institution for Economic Researc...

Taiwan's manufacturing activity remains in expansion mode

Manufacturing activity in Taiwan expanded in March for the ninth consecutive month, with the seasonally adjusted Purchasing Managers' Index (PMI) remaining at the high level of over 60 for the fif...

Taiwan’s rapid PMI growth suggests complete economic recovery

TAIPEI (Taiwan News) — Taiwan’s Purchasing Managers’ Index (PMI) has continued to grow for six straight months, indicating a complete recovery of the economy could be imminent, a lea...

Taiwan sees biggest manufacturing expansion in more than 2 years

Taiwan's manufacturing sector in October recorded the biggest expansion in more than two years, as the electricity/electric equipment and basic raw material industries climbed out of a recent slum...