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Global recovery has continued but constrained by the end of QE
TIER business survey provides tepid to mixed signals |
| The global economy has been in general on the track of recovery. With a 7.7% strong housing price index surge, the US housing revitalization has helped pick up the US economy. The European recession seems cease with a 0.3% GDP growth q-o-q and a two-month PMI expansion. Japan’s Abenomics did weaken the Japanese yen and push up the exports in July, albeit trade deficit remains whereas significantly narrowed. China’s Likonomics has slowed down China’s growth; however, the most recent PMI reading indicating the Chinese economy is back to expansion. Nevertheless, the end of QE remains to be the biggest uncertainty to the global conditions. With respect to said global circumstances, TIER business survey in July provided tepid to mixed signals. The manufacturing and service composite indicators went up slightly, and the construction indicator went down a little. ...Read more |
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| Taiwan jobless rate up to 4.25% in July driven by graduates |
| The local jobless rate for July rose by 0.11 percentage points from a month earlier to 4.25 percent, largely driven by an increase in first-time jobseekers, the government said on 22nd August. The Directorate General of Budget, Accounting and Statistics (DGBAS) said that many new graduates entered the job market in July, aiming to land their first-ever jobs, while several seasonal jobs also ended that month. The number of unemployed rose by 14,000 from June to a total of 487,000 in July. The number of first-time jobseekers was up 10,000 from a month earlier, the DGBAS said. Statistics show that 3,000 people became unemployed when temporary contracts expired, while another 2,000 people left their jobs for personal reasons. (Source: The China Post) |
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Taiwan Economic Research Monthly
Perspectives and challenges of promoting Taiwan’s Free Economics Pilot Zones (FEPZs) |
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Outlook of Taiwan's Free Economic Pilot Zones Plan
 Taiwan actively promotes Free Economic Pilot Zones with the thoughts of liberalisation, internationalisation, and forward-looking, under the trend of liberalised economies. Generally speaking, five ports and one aerotropolis are designed to be the FEPZs, primarily aiming to relax the regulations on logistics, mobility of white-collar employees, cash flow, information flow, and knowledge flow for higher industrial values and other benefits.
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