Reported 8 months ago
The Directorate General of Budget, Accounting and Statistics has revised Taiwan's economic growth rate forecast for this year to 3.94%, the highest in nearly three years, representing a significant increase of 0.51 percentage points from the February forecast. This was driven by AI technology boosting exports and indicating a clear recovery in the economy. The increase in the economic signal score to 35 points in April, the transition to a 'yellow-red light,' the rise in consumer confidence index in May, and the substantial increase in net worth by 7% for 14 financial holding companies in Q1 2024 also contributed to the positive outlook.
Source: YAHOO