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Rt on Taiwan provides a wide array of analytical inputs to analyze the country’s performance, and the objective is to help the reader to make business decisions and prepare for the future. The report on Taiwan analyzes the political, economic, social, technological, legal and environmental (PESTLE) structure of Taiwan. The report provides a holistic view of Taiwan from historical, current and future perspective. Insightful analysis on critical current and future issues is presented through det.

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Washington, Oct. 10 (CNA) The International Monetary Fund (IMF) has lowered Taiwan's 2023 gross domestic product (GDP) growth forecast by 1.3 percentage points from its April estimate to 0.8 percent amid an ongoing global economic slowdown.

The government system is a multiparty democracy; the chief of state is the president, and the head of government is the premier. Taiwan has a free market economy in which the prices of goods and services are determined in a free price system, and there is little government involvement.

The central bank has predicted Taiwan's consumer price index (CPI) will grow 2.22 percent in 2023, while core CPI, which excludes food and energy, is expected to rise 2.44 percent, both figures above the 2 percent alert level set by the bank.

Economy of Taiwan StatisticsGDP$790.7 billion (nominal; 2023) $1.710 trillion (PPP; 2023)GDP rank21st (nominal, 2023) 20th (PPP, 2023)GDP growth2.5% (2022) 2.1% (2023f) 2.6% (2024f)GDP per capita$33,907 (nominal; 2023) $73,344 (PPP; 2023)35 more rows

That makes the United States the only major economy to beat pre-pandemic forecasts. China was forecast to grow 5.0% in 2023 but slow to 4.2% in 2024, 0.2 and 0.3 percentage points less than previously expected, due to a property crisis and weak external demand.

As well as reducing its forecast for Taiwan's GDP growth to 0.8 percent, the IMF predicted Taiwan's consumer price index (CPI) will increase by 2.1 percent in 2023 and 1.5 percent in 2024, well below the expected global average of 6.9 percent in 2023 and 5.8 percent in 2024.

Taiwan Facing Export Headwinds Due To Supply Issues We at Fitch Solutions retain our expectations for real GDP growth to come in at 6.0% for 2021, before slowing to 2.7% in 2022. Latest high frequency indicators show a moderation in external trade due to supply constraints, while domestic demand growth remains robust.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232