Taiwan central bank sees strong tech demand driving exports into 2027

Taiwan’s central bank has forecasted robust technology demand fueling exports through 2027, despite a likely slowdown in economic growth for the following year. The island nation, renowned for its semiconductor prowess and as the home to TSMC, the world’s leading contract chipmaker, has been a key player in the burgeoning AI sector.

According to the central bank’s report to lawmakers, strong demand for emerging technology applications is projected to persist into next year, bolstering Taiwan’s exports and private investment. However, due to a relatively high base for economic growth this year, the bank anticipates the economy to grow by 5.82% in 2027, reflecting steady growth.

In June, the central bank had revised its economic growth prediction for 2026 upwards to 11.48%, from 9.45% previously announced. The bank highlighted geopolitical risks and weather conditions as the primary uncertainties influencing Taiwan’s future inflation trajectory.