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The U.S., a savior or black sheep of the world economy?
Once again, TIER adjusted its annual forecast upward |
After the conclusion of second quarter, the whole world has started to doubt whether the U.S. economy is the “savior” or “black sheep” of the world. Only a couple of months ago, the markets firmly believed that the U.S. recovery would shoulder and carry the world to a much brighter future. It turns out that the U.S. recovery especially in the first quarter was much worse than expected. Global forecasting agencies including the EIU, IMF and OECD simultaneously adjusted the world growth downward mainly because of the slowdown of US economy. However, most of them still keep their fingers crossed for the second half of 2014 looking forward to a more solid performance of U.S. as well as world economy. The Taiwan Institute of Economic Research (TIER) shared the same feeling and once again, adjusted its annual forecast for Taiwan upward.
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| Trade between Taiwan and mainland down 8.2% in H1 |
| Trade between Taiwan and China hit US$92.82 billion in the first six months of this year, down 8.2 percent from the same period in 2013, China's Ministry of Commerce (商務部) said on Wednesday. Taiwan is the mainland's seventh-biggest trade partner and sixth-biggest import source, with US$92.82 billion accounting for 4.5 percent of China's total trade value, the ministry said. According to the ministry, the mainland's exports to Taiwan dropped 0.2 percent year-on-year to US$20.97 billion during the period. Imports from Taiwan totaled US$71.85 billion, down 10.2 percent year-on-year. (Source: The Chins Post) |
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Taiwan Economic Research Monthly
The impacts of shale gas on global energy and industries |
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The rise of shale gas and its future development
 Shale revolution leads the global economy entering a new energy era, not only to bring the structural changes in LNG market, but also reorder the international competitiveness of the petrochemical industry as well as there comes some changes on geopolitical and political influences. Facing energy revolution, Taiwan should look for strategies to response the shale evolution and thus to enhance the global competitiveness
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