Latest news with #DirectorateGeneralOfBudgetAccountingAndStatistics
Asharq Al-Awsat
21 hours ago
- Business
- Asharq Al-Awsat
Taiwan Raises 2025 GDP Growth Forecast to 4.45% on Strong Tech Exports
Taiwan's economy is expected to grow faster in 2025 than previously forecast, the statistics agency said on Friday, as the island continues to reap the benefits of strong demand for tech and artificial intelligence-related products. Taiwan's gross domestic product is now expected to expand 4.45% this year, according to the official forecast from the Directorate General of Budget, Accounting and Statistics, higher than the 3.1% 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%, the agency said, upgrading sharply a previous forecast of 8.99%. The optimistic outlook comes even after US President Donald Trump imposed a 20% tariff on Taiwan goods, Reuters reported. Taiwan's government has said the 20% tariff is "temporary" as it continues to negotiate with the US for more favorable rates. Gross domestic product expanded by a revised 8.01% in the second quarter from a year earlier, compared with a preliminary 7.96%, the statistics agency said. It also lowered the forecast for the consumer price index (CPI) to 1.76% from 1.88% previously.
Yahoo
21 hours ago
- Business
- Yahoo
Taiwan raises 2025 GDP growth forecast to 4.45% on strong tech exports
TAIPEI (Reuters) -Taiwan's economy is expected to grow faster in 2025 than previously forecast, the statistics agency said on Friday, as the island continues to reap the benefits of strong demand for tech and artificial intelligence-related products. Taiwan's gross domestic product is now expected to expand 4.45% this year, according to the official forecast from the Directorate General of Budget, Accounting and Statistics, higher than the 3.1% 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%, the agency said, upgrading sharply a previous forecast of 8.99%. The optimistic outlook comes even after U.S. President Donald Trump imposed a 20% tariff on Taiwan goods. Taiwan's government has said the 20% 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% in the second quarter from a year earlier, compared with a preliminary 7.96%, the statistics agency said. It also lowered the forecast for the consumer price index (CPI) to 1.76% from 1.88% previously. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
CNA
21 hours ago
- Business
- CNA
Taiwan raises 2025 GDP growth forecast to 4.45% on strong tech exports
TAIPEI :Taiwan's economy is expected to grow faster in 2025 than previously forecast, the statistics agency said on Friday, as the island continues to reap the benefits of strong demand for tech and artificial intelligence-related products. 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.
Reuters
21 hours ago
- Business
- Reuters
Taiwan raises 2025 GDP growth forecast to 4.45% on strong tech exports
TAIPEI, Aug 15 (Reuters) - Taiwan's economy is expected to grow faster in 2025 than previously forecast, the statistics agency said on Friday, as the island continues to reap the benefits of strong demand for tech and artificial intelligence-related products. Taiwan's gross domestic product is now expected to expand 4.45% this year, according to the official forecast from the Directorate General of Budget, Accounting and Statistics, higher than the 3.1% 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%, the agency said, upgrading sharply a previous forecast of 8.99%. The optimistic outlook comes even after U.S. President Donald Trump imposed a 20% tariff on Taiwan goods. Taiwan's government has said the 20% 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% in the second quarter from a year earlier, compared with a preliminary 7.96%, the statistics agency said. It also lowered the forecast for the consumer price index (CPI) to 1.76% from 1.88% previously.
