Taiwan central bank sees strong tech demand driving exports into 2027
TAIPEI: Taiwan's central bank said on Tuesday that strong technology demand would drive exports into next year, though economic growth in 2027 will likely moderate after this year's high base.
TAIPEI: Taiwan's central bank has forecast strong demand for technology to propel exports through 2027, though growth in the following year is expected to ease slightly. The island nation is a key player in the semiconductor industry, with TSMC, the world's largest contract chipmaker, operating there. This demand is primarily driven by the rise of artificial intelligence, with companies like Nvidia relying heavily on Taiwanese manufacturing.
The central bank's assessment, presented to lawmakers, highlights several key points: Firstly, strong demand for emerging technology applications is anticipated to continue bolstering Taiwan's exports and private investment in the coming year. Despite this positive outlook, the bank projects the economy to grow by 5.82 percent in 2027, reflecting a moderate slowdown from the robust growth experienced this year.
This forecast is an improvement from the 11.48 percent growth predicted for 2026, previously estimated in June. The central bank's forecast is influenced by various uncertainties, with geopolitical risks and weather conditions identified as the primary factors affecting inflation in Taiwan.
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