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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. ....
Taipei, Feb. 24 (CNA) Taiwan's export orders in January grew for the 11th consecutive month to US$52.72 billion, a year-on-year increase of 49.3 percent, the Ministry of Economic Affairs (MOEA) reported Wednesday. ....