Taiwan’s economy could see growth plummet to just 0.16% in 2025 if U.S. tariffs spark a global recession, according to the Chung-Hua Institution for Economic Research. The think tank outlines three scenarios for Taiwan, ranging from 0.16% to 2.85% growth. Before the proposed tariffs, Taiwan’s growth was forecast as high as 3.12%.
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00:00Taiwan's economic growth could drop to almost zero this year if U.S. tariffs cause a global recession.
00:08That's according to one of Taiwan's leading public think tanks, which says it's a worst-case scenario.
00:14The new estimates from the Zhonghua Institution for Economic Research were published in light of proposed U.S. tariffs.
00:35From worst to best case, the three scenarios predict growth rates of 0.16%, 1.66%, and 2.85% respectively.
00:46Before Donald Trump unveiled his tariff plans, the group estimated up to 3.12% economic growth for Taiwan this year.