Economic Indicators

Taiwan raises 2024 economic growth forecast, AI demand solid

2024.11.29 04:08

© Reuters. FILE PHOTO: Cargo trucks work inside a container yard in Keelung, Taiwan, January 7, 2022. REUTERS/Ann Wang/File Photo

TAIPEI (Reuters) – Taiwan’s economy is expected to expand by 4.27% in 2024, the Directorate General of Budget, Accounting and Statistics said on Friday, upgrading its outlook from a previous estimate of 3.9%.

Gross domestic product rose by a revised 4.17% in the third quarter from a year earlier, compared with a preliminary 3.97%, it said.



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