The economic and financial situation of Taiwan early 2017
While the end of 2016 is not an extremely positive year for Taiwan,
the second half of the year saw the beginning of a significant recovery driven
by a rebound in exports - especially in the electronics sector - allowing
Taiwan to get out of the rut. in 2015. For 2017, the signals are rather green,
but the recovery may be moderated by slower domestic consumption and
investments too modest. The effective implementation of short-term stimulus
measures and medium-term structural reforms will be crucial to enable the
island to withstand fluctuations in external demand.
The economic and financial situation of Taiwan in 2015
With annual growth reduced to 0.75% in the last two quarters of
contraction, the Taiwanese economy has had a difficult year 2015, pulled down
by a sharp decline in exports from all its industrial sectors of excellence
towards China but also to its other partners. While consumption (+ 2.3%) and
private investment (+ 3.1%) have held up well, the immediate outlook is not
encouraging, and the government has revised its 2016 growth forecast of 2.32%.
% to 1.47%. The island is indeed highly exposed in the short term to the
agitations of the regional and world economy while the current political
transition makes difficult any important decision. Beyond that, Taiwan faces
complex industrial, economic and social challenges in the medium and long term.
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