Reported 11 months ago
Kofas estimated Taiwan's economic growth rate for this year to be 3% in January, raised to 3.3% in April, and maintained the same estimate in June. Kofas analyzed that Taiwan's economy faces five major risks, including cross-strait political relations, cross-strait economic relations, decreasing direct investment in mainland China, long-term economic challenges, and energy security issues. Despite stable domestic demand and a recovery in exports, cautious private investment and a lag in the revival of traditional consumer electronics are noted. Taiwan is expected to continue its economic growth at a rate of 3.3% this year. Kofas highlighted five risks post-presidential election, ranking the country's risk level at A2 as still low, focusing on challenges related to mainland China, Taiwan's long-standing economic issues, and energy security concerns.
Source: YAHOO