Taiwan Economic Outlook
February 19, 2019The economy ended the year 2018 on a feeble note, as confirmed by national accounts data for the fourth quarter. Private consumption growth continued to soften in the period, while the ongoing weakness of the crucial external sector—primarily due to a slowdown in China and the cloud cast by the Sino-American trade war—was likely a main factor weighing on investment, which also slowed in the period. Nevertheless, the public sector cushioned the blow, with government consumption rebounding solidly, while the infrastructure investment package passed in the FY18 budget partially offset weaker business investment. Looking at Q1, the picture appears similarly bleak with the trade sector set to stay anemic. In January, the manufacturing PMI fell further due to tepid overseas demand, confirmed by the third consecutive decline in merchandise exports in January. Moreover, export orders in December tanked by more than ten percentage points after already declining in November, indicating that actual shipments will likely continue to fall in coming months.
Taiwan Economic GrowthGrowth prospects this year are increasingly challenging, with the U.S.-China trade spat, an ongoing mainland slowdown and rising cross-strait tensions all presenting significant downside risks to the outlook. Nonetheless, fiscal stimulus in the form of a large infrastructure investment plan should support domestic momentum. Met the why particular panelists forecast GDP growth of 2.2% in 2019, which is unchanged from last month’s forecast, and 2.0% in 2020.
Taiwan Economy Data
5 years of Taiwan economic forecasts for more than 30 economic indicators.
Get a sample report showing our regional, country and commodities data and analysis.
|Bond Yield||0.83||1.28 %||Mar 11|
|Exchange Rate||30.91||0.07 %||Mar 11|
|Stock Market||11,250||0.37 %||Mar 11|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Taiwan Economic News
Taiwan: Exports post sharpest contraction in nearly three years in February while orders continue to spell gloom ahead
March 8, 2019
Merchandise exports fell 8.8% in annual terms in February, logging the fourth consecutive month of decline after January’s 0.3% dip.
March 8, 2019
Consumer prices jumped 0.99% in February from the previous month, contrasting the 0.09% decline registered in January.
March 4, 2019
Operating conditions in the Taiwanese manufacturing sector deteriorated further in February, confirming feeble economic momentum so far in the first quarter amid nosediving external demand.
February 26, 2019
Industrial output fell 1.9% year-on-year in January, worsening from the revised 1.1% contraction logged in December (previously reported: -1.2% year-on-year).
February 15, 2019
Merchandise exports fell 0.3% in annual terms in January, improving over December’s 3.0% year-on-year contraction and overshooting analysts’ estimates of a 2.9% fall.