Taiwan's economy forecasts stronger growth in 2024 at 4.27%, driven by tech product demand.

Taiwan's economy is expected to grow faster in 2024, with a revised GDP forecast of 4.27%, up from 3.9%, due to increased demand for tech products. The country, home to major chipmaker TSMC, plays a key role in the global tech supply chain. Despite potential trade disruptions, Taiwan's GDP for 2025 is forecasted to rise to 3.29%, with a slight increase in the consumer price index to 1.93%.

November 29, 2024
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