Reported 3 months ago
The Asian Development Bank (ADB) has significantly upgraded its forecast for Taiwan's economic growth from 3% to 3.5% for 2024, highlighting the positive impact of increased exports in semiconductors and artificial intelligence products. The ADB report predicts that economic growth across developing countries in the Asia-Pacific region will rise from 4.9% to 5%, with Taiwan benefiting from strong internal demand and export performance. However, it maintains its growth forecast for mainland China's economy at 4.8% due to ongoing struggles in the real estate sector. Global challenges, including rising interest rates in developed countries and geopolitical risks, add uncertainty to the economic outlook.
Source: YAHOO