Associate Professor Lawrence Loh from the National University of Singapore Business School said the pandemic will drive an even greater divide between firms that use tech and those that do not, as the economy and markets evolve to be more digitally oriented. Fundamentally, firms must be even more needs-driven and customer-centric. To navigate the market for the future, they must persevere in transforming their businesses and pivoting to others when necessary.
Top 10 fastest-growing companies
1. Carro
Carro is South-east Asia s largest online automotive marketplace for pre-owned cars, and offers a full-stack service for all aspects of car ownership. It uses innovation and technology to provide consumers with a seamless experience, which includes in-house financing solutions and after-sale services like a car care workshop.
Taiwan s GDP forecast to hit 2.71% in 2020, 4.24% in 2021
12/16/2020 08:23 PM
CNA file photo
Taipei, Dec. 16 (CNA) Despite the global economic impact of the COVID-19 pandemic, Taiwan has maintained robust economic growth, with real GDP growing 3.92 percent year-on-year in the third quarter of the year and growth expected to hit 2.71 percent for 2020, according to Academia Sinica.
The top academic research institution in Taiwan released its economic forecast on Wednesday, in which it attributed economic growth to the united efforts and actions of the government and the people to fight and control the pandemic.
Referring to Taiwan as a shining pearl in the countercurrent of the pandemic, the institution further projected that Taiwan will see annual GDP growth rate of 4.24 percent in 2021, when the global economy is expected to recover, following recent progress in the development and rollout of vaccines for the virus.
Academia Sinica sees GDP growth of 2.7%
By Crystal Hsu / Staff reporter
Academia Sinica yesterday raised its forecast for Taiwan’s GDP growth this year from 1.56 percent to 2.7 percent and expected the pace to accelerate to 4.24 percent next year, as the nation’s economy might continue to thrive on strong demand for high-tech products and green energy investments.
The upward revision from five months earlier made the Taipei-based think tank the most optimistic research body regarding the nation’s economic performance.
“Global economic recovery seems round the corner following the development and distribution of vaccines to curb the COVID-19 pandemic,” Academia Sinica research fellow Ray Chou (周雨田) told a media briefing in Taipei.