POSITIVE FORECAST: In addition to semiconductor investments, the economy is expected to grow as the nation further relaxes COVID-19 restrictions, S&P saidBy Crystal Hsu / Staff reporter
/PRNewswire/ Chunghwa Telecom Co., Ltd. (TAIEX: 2412, NYSE: CHT) ("Chunghwa" or "the Company) today announced that its Board of Directors (the "Board").
The economy is expected to expand by 2.8 percent this year, slowing from an estimated 6 percent growth last year, as companies cope with rising inflationary pressures amid persistent global supply chain bottlenecks and the Chinese economy slows as Beijing moves to narrow income disparity, Taiwan Ratings Corp (中華信評) said yesterday.
Nonetheless, the GDP growth forecast remains impressive compared with Taiwan’s peers in the region and following a high base last year, the local branch of S&P Global Ratings said.
Robust export demand, coupled with a recovery in consumer spending, reaffirms Taiwan’s stable credit outlook, Taiwan Ratings said.
As countries reopen their economies,
Taipei, Jan. 6 (CNA) Taiwan Ratings Corp. forecasts Taiwan's economy will expand by 2.8 percent in 2022 and also expects the central bank to raise interest rates by 0.25 percentage points.
Taiwan Ratings Corp (中華信評) on Thursday raised its outlook on China Airlines Ltd (CAL, 華航) from “negative” to “stable” on expectations that the nation’s largest air cargo operator would benefit from elevated cargo demand and strong air freight rates next year, it said.
The local arm of S&P Global Ratings forecast demand for air cargo to remain at a comparatively high level next year due to strong consumer demand in the US and Europe, growing trade volume and ongoing disruption of sea shipping, it said in a report.
Because of Taiwan’s favorable geographic location in Asia, CAL is likely to receive high