Taiwan’s economy is likely to grow at a rate of 2.8 percent this year, which would be a solid follow-up to an estimated 5.5 percent increase last year, DBS Bank Ltd (星展銀行) said on Monday.
A slowing Chinese economy would likely weigh on exports from Taiwan, the Singapore-based bank added.
“We project that GDP will grow 2.8 percent this year, a slower rate than the 5.5 percent gain last year, but still in line with the long-term average trend,” bank economist Ma Tieying (馬鐵英) told a videoconference.
DBS stands by its October forecast, although major barometers have indicated that Taiwan could outperform, Ma
China
Taipei
T-ai-pei
Taiwan
Hong-kong
South-korea
Singapore
Chinese
Taiwanese
Ma-tieying
I-hwa-cheng
Bank-ltd
Taiwan’s semiconductor success
By Liu Pei-chen 劉佩真
In terms of the economic outlook for the semiconductor industry, Taiwan has outperformed the rest of the world for three consecutive years. This is quite rare.
In addition, Taiwan has been playing an important role in the US-China technology dispute, and both want Taiwan on their side, reflecting the remaking of the nation’s semiconductor industry.
Under the leadership of above all Taiwan Semiconductor Manufacturing Co (TSMC), the industry as a whole has shifted from a focus on capacity to a focus on quality, as companies now have to be able to provide integration of hardware and software, as well as a powerful ecosystem, to succeed.
China
Taiwan
National-cheng-kung-university
Tainan-municipality
Chiao-tung-university
Xinzhu-xian
South-korea
National-taiwan-university
T-ai-pei
Taiwanese
Asia-pac
Liu-pei-chen