Taiwan’s GDP to shrink for first time in 4 years due to coronavirus

TAIPEI (Taiwan News) — Taiwan’s Gross Domestic Product (GDP) is likely to shrink by 0.73 percent in the second quarter of the year, its first contraction in more than four years, the gover...

Taiwan's GDP growth revised upward despite coronavirus pandemic

TAIPEI (Taiwan News) — Taiwan’s expected Gross Domestic Product (GDP) can be revised upward for the first time thanks to the government’s “Triple Stimulus Vouchers” again...

Moody’s sees sharp rebound for Taiwan's GDP growth in 2021

TAIPEI (Taiwan News) — While the Wuhan coronavirus pandemic is likely to force Taiwan’s economic growth down to 0.2 percent for 2020, it is likely to rebound sharply to 3.7 percent in 2021...

JP Morgan's chief economist optimistic about Taiwan's growth

TAIPEI (Taiwan News) — JP Morgan Chief Economist Bruce Kasman said Tuesday (May 26) that Taiwan's economy is relatively stable despite the coronavirus pandemic and will perform better than m...

Government relief package to help Taiwan’s economy grow by 1.58%

TAIPEI (Taiwan News) — A government relief package will soften the impact of the Wuhan coronavirus (COVID-19) pandemic and allow Taiwan’s economy to grow by 1.58 percent this year, the Tai...

Coronavirus leads DBS Bank to adjust forecast for Taiwan’s 2020 GDP

TAIPEI (Taiwan News) — Analysts at DBS Bank (Taiwan) Ltd. had been expected to raise their prediction for Taiwan’s economic growth in 2020 to at least 2.5 percent Friday (Jan. 31), but due...

Taiwan's GDP growth rate leaped to top of Asia's 4 tigers in 2019

TAIPEI (Taiwan News) — Taiwan roared ahead of the rest of Asia's four tigers in 2019 with a growth rate of 2.73 percent. On Tuesday (Jan. 21), the Directorate General of Budget, Accountin...

Taiwan's 2020 economic growth same as 2019: Asian Development Bank

TAIPEI (Taiwan News) — Taiwan is expected to have the same economic growth rate in 2020 as 2019, according to a report released by the Asian Development Bank (ADB) on Wednesday (Dec. 11). See...

Taiwan warns of attack if China's economy keeps crumbling

TAIPEI (Taiwan News) — Taiwan's Foreign Minister Joseph Wu (吳釗燮) on Wednesday (Nov. 6) said that Taiwan will need to brace itself for a "military conflict" if China's economy c...

Taiwan's 2019 GDP growth forecast to hit 2.46%: DGBAS

Balking a forecast from a world body on Taiwan's economy in 2019 amid a weakening global economy, the government is confident that the domestic economy will expand by more than 2 percent this year...

Central Bank raises economic growth forecast to 2.4%

TAIPEI (Taiwan News) — For the first time this year, the Central Bank raised its economic growth forecast for 2019 to 2.4 percent, reports said Thursday (September 19). Previously, the bank h...

Taiwan biggest winner in U.S.-China trade war: Standard Chartered

TAIPEI (Taiwan News) – Taiwan’s economy will grow by 2.1 percent this year, mainly due to the return of Taiwanese firms trying to avoid the fallout from the trade war between the Unite...

Taiwan's economic growth rate roars to top of Asia's 4 tigers: Tsai

TAIPEI (Taiwan News) -- Taiwan President Tsai Ing-wen (蔡英文) announced today (Aug. 1) that Taiwan pulled ahead of the rest of the pack of Asia's four tigers in the second quarter thanks in part to ...

Taiwan hikes Q2 economic growth to 2.41%

TAIPEI (Taiwan News) – The economy likely grew by 2.41 percent during the second quarter, not by 1.78 percent as originally forecast, the government’s Directorate General of Budget, Accoun...

Taiwan unlikely to follow South Korea, US in dropping interest rates

TAIPEI (Taiwan News) -- Taiwan’s central bank is not expected to lower interest rates despite precedents set by other countries, and it expects improved growth in the second half of the year. ...