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Global recovery continues to bolster business confidence
Both manufacturing and service sectors remain bullish |
Taiwan’s external sector continues to improve as global outlook recovers. Exports saw strong than expected year-on-year rebound in March with exports soared by 50.1% or USD 23.37 billions. Imports for March reflected the increase in export demands as well as new investment initiative, which was an 80.3% increase year-on-year, with a trade surplus of USD 1.5 billions. Cumulative export data for the first quarter of 2010 saw an increase of 52.5% YoY, or USD 61.80 billion, with a cumulative trade surplus of USD 4.89 billion, USD 3.73 billion less than the same period in the previous year. As the world economy stabilises, trade figures for Taiwan is likely to maintain its growth momentum, be it at a more sustainable pace
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| IMD: Taiwan's world competitiveness surges upward to number 8th |
| Taiwan has made a dramatic rebound in the latest IMD World Competitiveness Yearbook rankings, jumping from 23rd to 8th, the best rating Taiwan has ever received since the Swizerland based academy launched its annual World Competitiveness Yearbok in 1989. The 15-place jump was also the largest among the 58 economies covered in the 2010 IMD rankings. In addition to strong demands in Asia, Taiwan's rating surge resulted from improved business competitiveness as well as government efficiency. Other noteworthy developments are that the United States rating dropped to the 3rd behind Singpore and HK, while eurozone nations were out of the top ten due to debt crisis. |
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| DGBAS upgrades Taiwan's GDP outlook |
| According to the latest Statistics released by the Directorate General of Budget, Accounting and Statistics,the annual growth of Taiwan's gross domestic product(GDP) for the first quarter of 2010, a 31-year high of 13.27% in the first quarter of the year. The DGBAS also raised its forecast for Taiwan's economic growth rate to 6.14% for 2010, 1.42 pecentage points higher than its projection in Feburary. |
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Taiwan Economic Research Monthly
Opporunities and challenges facing Taiwan service sector under the strengthening cross-strait relation |
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Closer economic partnership agreement-lessons from the Hong Kong experience
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A search for the next growth engine-business opportunities from the Chinese tourists
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Opportunity and challenges for the restaurant and hospitality business
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Logistic industry development under cross-strait trade liberation and WTO commitments
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Financial sector's integration in the verge of the new era
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Opportunity and challenges facing information service industry
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Bright outlook for the healthcare industry
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