Taiwan Think Tank Raises 2024 Growth Forecast to 3.81%
The Chung-Hua Institution for Economic Research has upgraded its 2024 growth forecast from 3.4% to 3.8%, citing a boost for Taiwan's export-oriented economy from rising global demand for AI.
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00:00A top economic think tank has raised its 2024 GDP growth forecast for Taiwan as the country's
00:07exports and domestic consumption see an uptick. The Zhonghua Institute for Economic Research
00:14or CIIR upgraded its growth forecast for the year from 3.4% to over 3.8%. CIIR says Taiwan's
00:23export-oriented economy has grown as global demand for AI increases. It predicts Taiwan
00:30will also see a boost in private consumption as the country's stock market continues to reach new highs.