Taiwan's business climate shifts to "yellow-red" due to semiconductor and IT growth, but traditional industries struggle.
Taiwan's business climate monitor shifted from "red" to "yellow-red," indicating a slight economic boom, primarily driven by growth in semiconductors and IT sectors due to AI advancements. However, traditional industries like steel and textiles are struggling. The composite index fell to 34, its lowest in six months, while leading indicators rose, suggesting recovery. Despite strong domestic consumption and investment, uncertainties like the US elections and geopolitical risks pose challenges.
October 28, 2024
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