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Taiwan Business TOPICS Strong Demand for Technology Drives Increased GDP Growth Even as Taiwan has struggled to contain a local outbreak of COVID-19, the international community continues to have confidence in Taiwan’s economy. Taiwan Ratings, the Taiwan subsidiary of S&P Global Ratings, recently raised its projection of Taiwan’s 2021 GDP growth rate to from 4.2% to 5.6%, citing an increase in the island’s manufacturing exports and efforts by its semiconductor industry to boost output to resolve a global chip shortage. In late May, Taiwan’s Ministry of Economic Affairs (MOEA) announced a 16.51% increase in its industrial production index and a 17.28% rise in its manufacturing production index, marking 16 consecutive months of positive growth. In addition, both indexes reached record monthly highs.

Strong demand for technology drives increasedDepartment of statisticsStatistics departmentTaiwan ministry of economic affairsMinistry of laborStrong demandTechnology drives increasedEconomic affairsHuang yu lingதுறை ஆஃப் புள்ளிவிவரங்கள்புள்ளிவிவரங்கள் துறைடைவாந் அமைச்சகம் ஆஃப் பொருளாதார வாழ்க்கைத்தொழில்கள்அமைச்சகம் ஆஃப் தொழிலாளர்வலுவான தேவைபொருளாதார வாழ்க்கைத்தொழில்கள்ஹுவாங் யூ லிங்