Q3 2018 ECONOMIC REPORT

TAIWAN ECONOMY: 2018 Q3 UPDATE   SUMMARY Taiwan’s GDP grew by 2.27% year-on-year (yoy) in Q3, driven by internal demand, with significant capital growth. Taiwan’s Directorate-General of Budget, Accounting and Statistics (DGBAS) decreased its economic growth forecast for 2018 to 2.41%, due to slow global growth, geopolitical uncertainty, and unstable financial markets. The US-China trade […]

Q1 2018 ECONOMIC REPORT

TAIWAN ECONOMY: 2018 Q1 UPDATE   SUMMARY Taiwan’s GDP grew by 3.02% year-on-year (yoy) in Q1 driven by the external demand for semiconductor products and robust private consumption. Taiwan’s Directorate-General of Budget, Accounting and Statistics raised its economic 2018 growth forecast to 2.6% based on favourable international economic conditions. Taiwanese hi-tech firms continued to benefit […]