Taiwan Economic Outlook
November 14, 2017The economy roared through the third quarter on the back of a stellar performance in the external sector. Strong global economic growth and a cyclical upswing in electronics exports supported shipments overseas throughout the quarter, with the external sector recording its largest contribution to growth in over five years. Conversely, the domestic sector dragged on growth as gross capital formation growth plunged and households failed to respond to stronger real wages and a buoyant equity market. Looking to Q4, leading data points to another solid outturn. Consumer sentiment hit a fresh two-year high in October because of a healthy labor market, while business confidence logged its best result since late 2015, reflecting positive underlying trends in the external and manufacturing sectors.
Taiwan Economic GrowthThe government’s loosened fiscal stance, which includes the implementation of the country’s Forward-Looking Infrastructure Plan and higher public-sector wages, is expected to shore up fixed investment and government consumption next year. Conversely, exports are expected to turn slightly less supportive of GDP growth due to a strong base effect and maturing economic cycles across several advanced economies. FocusEconomics panelists forecast growth of 2.3% next year, which is up 0.1 percentage points from last month’s estimate. GDP growth is seen at 2.2% in 2019.
Taiwan Economy Data
5 years of Taiwan economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Bond Yield||0.96||1.28 %||Dec 06|
|Exchange Rate||30.01||0.07 %||Dec 06|
|Stock Market||10,394||0.37 %||Dec 06|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Taiwan Economic News
December 7, 2017
Merchandise exports rose 14.0% on an annual basis in November to a total of USD 28.9 billion, well ahead of market expectations of 8.0% growth for the month.
December 5, 2017
Consumer prices increased 0.24% over the previous month in November, down from the 0.61% growth recorded in October.
November 24, 2017
A second estimate released by the Directorate General of Budget, Accounting and Statistics confirmed that the Taiwanese economy accelerated more than expected in the third quarter, driven by soaring growth in shipments overseas and stronger household consumption.
November 23, 2017
Industrial output grew 2.9% in annual terms in October, a weaker reading than the 4.8% expansion recorded in September, which had marked a seven-month high.
November 7, 2017
Merchandise exports rose 3.0% on an annual basis in October to a total of USD 27.5 billion.