Top Think Tank Predicts Taiwan's Economy To Grow 3.1% Next Year

TaiwanPlus News

Academia Sinica's Institute of Economics, a leading economic think tank in Taiwan, has predicted the country's GDP will grow 3.1% next year. That figure is lower than its forecast for 2024, due to uncertainty over U.S. President-elect Donald Trump's upcoming policies.

Transcript

00:00A top economic think tank has forecast Taiwan's economy will grow 3.1 percent next year.

00:07That prediction, made by Academia Sinica's Institute of Economics, is lower than this

00:11year's projected growth of 4.23 percent.

00:14The institute cited uncertainty over how U.S. president-elect Donald Trump's policies will

00:20affect the global economy.

00:22Trump has said he will impose new tariffs on goods from Mexico, Canada and China.

00:28Despite that, Taiwan's exports are expected to grow next year due to demand for emerging

00:33technologies such as AI.

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