2014-02-07 20:37:03 - Taiwan Freight Transport Report Q1 2014 - a new market research report on companiesandmarkets.com
Analysts forecast 3.0% GDP Growth For Taiwan In 2014 Weaker for a bit, stronger for a bit, and then back to a comparatively low trend rate - that is the BMI view of Taiwan´s economy in three different periods: Q313 (actual), Q413 (estimate) and then 2014 as a whole (forecast). Third quarter GDP growth, according to preliminary data released in November 2013, was poor.
GDP was up by only 0.1% quarter-on-quarter, and by 1.6% on an annual basis. This rather stagnant performance was in line with weaknesses in trade, always critical for an open and outwardly focused economy such as Taiwan.
However, we are confident there will be a pick-up in the last quarter of 2013 based on a short-term bounce in
the Chinese economy and the global tech industry cycle - Taiwan depends rather heavily on exports of semi-conductors and other related IT products. Unfortunately, we do not see this end-2013 strength running through into 2014. On the contrary, we believe the Chinese economy will slow again as the Beijing government seeks to tackle imbalances, and foresee that the tech cycle will turn against Taiwan, potentially with a downwards inventory adjustment in global electronics supply chains.
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