Outside TSMC, ordinary Taiwanese remain detached from its bonuses, Taiwan's 10% growth
From 3.71 percent to 10.16 percent. When the Institute of Economics at Academia Sinica, Taiwan’s foremost national research institution, released its projection for the country’s annual gross domestic product (GDP) growth in 2026 last month, it represented a staggering 6.45-percentage-point increase from its previous projection made in late December. Such a rate of growth is rarely seen in…
As of June 2024, Taiwan's Institute of Economics at Academia Sinica predicted a remarkable 10.16 percent annual GDP growth for the following year. This projection marked a significant jump of 6.45 percentage points from their December forecast, signaling an unusually robust economic outlook. Should Taiwan achieve this 10 percent growth rate, it would be the first instance of such double-digit expansion in 16 years, since the 2010 economic recovery.
The recent quarter's GDP surged by an impressive 14.5 percent year-on-year, largely driven by a global rush into artificial intelligence (AI) investments. Demand for advanced semiconductor chips and servers is expected to remain high throughout the second half of the year, further fueling the nation's economic momentum.
Economic research institutes corroborated the optimistic growth forecast. On July 22, the Chung-Hua Institution for Economic Research (CIER) also projected Taiwan's economic growth at a substantial 10.35 percent for that period.
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