Taiwan raises 2025 GDP growth forecast to 4.45% on strong tech exports
Taiwan's gross domestic product is now expected to expand 4.45 per cent this year, according to the official forecast from the Directorate General of Budget, Accounting and Statistics, higher than the 3.1 per cent it forecast in May.
Exports this year from Taiwan, a major producer of chips powering the AI surge, are predicted to expand by 24.04 per cent, the agency said, upgrading sharply a previous forecast of 8.99 per cent.
The optimistic outlook comes even after U.S. President Donald Trump imposed a 20 per cent tariff on Taiwan goods.
Taiwan's government has said the 20 per cent tariff is "temporary" as it continues to negotiate with the U.S. for more favourable rates.
Gross domestic product expanded by a revised 8.01 per cent in the second quarter from a year earlier, compared with a preliminary 7.96 per cent, the statistics agency said.
It also lowered the forecast for the consumer price index (CPI) to 1.76 per cent from 1.88 per cent previously.
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