00:00The National Development Council says it's aiming for economic growth of 4.56% for 2026,
00:07along with a GDP per capita of more than 40,000 US dollars.
00:11It says the main drivers, the global AI boom, and the US reduced tariffs on Taiwanese goods.
00:30Or even more than 50,000 US dollars.
00:32The GDP increased a whopping 8.6% last year.
00:37Taiwan's strongest growth in 15 years, lifting GDP per capita higher than South Korea and Japan.
00:43But the strong performance is raising concerns that Taiwan's economy is K-shaped,
00:48with gains concentrated in the tech sector.
00:50What traditional industries, which employs 8 times more workers, fall into decline?
00:55And the service sector, which makes up most of Taiwan's labor market, also faced challenges.
01:19Some experts say the increase in GDP per capita will not benefit workers beyond the technology.
01:26Finance and medical sectors.
01:28And some people in Taipei agree.
01:30I think it's not easy.
01:31Just for my own work, I'm a police officer.
01:35I'm a police officer, and I'm a police officer, and I'm a police officer, and I think it's 6,000,000.
01:38But actually, yes, I think it's not easy to work.
01:44But it's quite difficult for a majority of the people, right?
01:47Yes, it's probably going to be a little bit like M.
01:51The council says Taiwan's traditional industries are set to benefit from the U.S. decisions to cut tariffs from 20 to 15 percent.
02:15But the deal still has to clear Taiwan's legislature.
02:18It also says it's working to support small and medium-sized enterprises to spread gains across different industries.
02:46So despite lingering challenges, the National Development Council's latest growth target shows it's still optimistic this year while continuing to see strong growth.
02:56Josephu, NIT, in Taipei for Taiwan Plus.
Comments