Taiwan’s gross domestic product (GDP) grew at an annualized 3.41% from the start of the year to August 15, 2014, exceeding forecasts, according to official statistics. Robust growth was driven by moderate export demand and strengthening domestic demand amid improving consumer confidence and consistent private investment in the semiconductor, airline and telecommunication industries.
The unemployment rate stood at approximately 4.08% in August, the lowest for that month over the past 14 years, and is forecast to decline further in 2015. The Central Bank of Taiwan is expected to raise interest rates by 0.125 percentage points by the end of the year amid expectations of steady growth in consumption, reflecting positive economic trends.
Source : Cushman & Wakefield