What turmoil?: Taiwan banks on sound policies and strong exports

Article Abstract:

Although there is economic uncertainty throughout Asia, Taiwan is expected to weather the current financial turmoil without being too badly affected, as the country is the first choice for American, European and Japanese companies purchasing computer hardware and services. Taiwan's current account surplus is running at 2-3% of GDP and its interest rates are one of the lowest in Asia. Semiconductor makers are planning to invest $60 billion during the next 10-12 years, and other large capital projects are planned such as a high-speed rail line, shipping and aircraft expansion, and a private port.

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Inflation rekindled

Article Abstract:

Economic activities in Taiwan are expected to pick up as a result of increased trade. This is in spite of the confusion resulting from the simultaneous generation of higher consumer prices and lower wholesale prices, an economic fluctuation which has given rise to fears of higher inflation rates for 1992. The government's six-year national development initiative is being pinpointed as a possible cause of the problem since it induced heavy public spending. However, the plan is also a prime factor in improving economic growth and trade activities.

Evaluation, Economic development

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Strait hits

Article Abstract:

Taiwan's economy bore up relatively well under China's barrage of missiles and show of military force before recent elections, but also sustained considerable damage. While the stockmarket rose nearly 20% from mid-March to early April 1996, first-quarter GDP growth may fall short of 5%, versus a 5.8% goal. Capital outflows from January to April neared $20 billion, bank deposits and monry supply both grew slowly, and Hong Kong orders for shipment to China fell in February for the first time in six years.

Economic indicators

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