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Taiwan's economy heats up, scholars warn export risks loom in second half
Manage episode 431456477 series 3349850
Taiwan's National Development Council (NDC) on Monday reported a “red light” economic indicator for June, signaling strong economic activity. This is the first such signal since January 2022. The NDC says the red light for June was driven by strong semiconductor demand, increased server needs, and a recovery in traditional industry exports. However, scholars warned on Tuesday that the biggest risk to Taiwan's economy in the second half of the year is exports. National Central University's Research Center for Taiwan Economic Development CEO Dachrahn Wu (吳大任) says June's exports reached USD$39.9 billion, a 23% annual increase due to AI demand. He emphasized that maintaining this growth depends on export performance.
1014 episodes
Manage episode 431456477 series 3349850
Taiwan's National Development Council (NDC) on Monday reported a “red light” economic indicator for June, signaling strong economic activity. This is the first such signal since January 2022. The NDC says the red light for June was driven by strong semiconductor demand, increased server needs, and a recovery in traditional industry exports. However, scholars warned on Tuesday that the biggest risk to Taiwan's economy in the second half of the year is exports. National Central University's Research Center for Taiwan Economic Development CEO Dachrahn Wu (吳大任) says June's exports reached USD$39.9 billion, a 23% annual increase due to AI demand. He emphasized that maintaining this growth depends on export performance.
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