Reported 9 months ago
Private consumption offsetting weak investment led to Taiwan Institute for Economic Research revising the economic growth rate to 3.57% for 2024, with the GDP growth peak in the first quarter. Potential risks highlighted include cross-strait issues, climate change, dependency on export industries, and negative impacts of high-tech industries dominated by foreign capital. The institute emphasized the importance of improving domestic consumption to support the economy, projecting real private consumption growth at 2.75% and real private investment growth at 1.47% for 2024.
Source: YAHOO