Fiscal Balance in Taiwan

Taiwan Fiscal Balance | Economic News & Forecasts

Taiwan - Fiscal Balance

After fairly mild growth in Q3, underlying momentum appeared to improve substantially in Q4, as suggested by a notable rise in the non-manufacturing PMI. In particular, the combination of tumbling unemployment, the vaccine rollout and the government’s stimulus voucher scheme seemed to spur private consumption, with retail sales surging in October and November. That said, the industrial sector appeared to lose some momentum amid supply difficulties, with the manufacturing PMI averaging lower than in Q3. Turning to the new year, the recent extension of the government’s “Invest in Taiwan” initiative, which provides support for firms who relocate production to the island, bodes well for capital spending: The initiative has reportedly attracted applications worth over USD 50 billion since it began in July 2019. However, an uptick in Covid-19 cases risks a snap-back of restrictions.

Taiwan - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)0.1  -0.3  -0.1  0.0  -     

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Taiwan Facts

Value Change Date
Bond Yield0.691.28 %Dec 31
Exchange Rate29.910.07 %Jan 01

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