Taiwan's Gross Domestic Product (GDP) fell 0.73% in the second quarter of 2020 compared to the same period in 2019 owing to the impact of the coronavirus pandemic.
Taiwan's Gross Domestic Product rose 3.3% year-on-year in the third quarter of 2020 (3Q20).
The decennial national population and household census will begin in November, with 16,000 census workers set to visit more than 1.2 million households around Taiwan.
Taiwan's Directorate General for Budgeting Accounting and Statistics (DGBAS) has revised its 2020 GDP forecast downwards by 0.7 percentage points to 1.67% to take into account the impact of the coronavirus pandemic.
Taiwan's official unemployment rate reached 4% in July, according to the monthly Manpower Survey Results report by the Directorate General of Budget Accounting & Statistics (DGBAS).
The unemployment rate rose by 0.1 percentage point to 3.99% in August.
An economic think tank is getting more optimistic about the local economy.
Taiwan's unemployment rate rose by 0.4 percentage points to 4.07% in May, compared with the same month in 2019.
Based on an "advance estimate" by Taiwan's Directorate General of Budget Accounting and Statistics (DGBAS), Taiwan's real GDP rose by 2.73% in 2019 year on year (yoy), driven by strong activity in the fourth quarter of 2019.
Taiwan's Directorate General of Budget, Accounting & Statistics (DGBAS) has cut its official 2020 forecast for Taiwan's Gross Domestic Product (GDP) by 0.11 percentage points to 1.56%, following lower than expected growth in the first half of 2020.
The International Monetary Fund (IMF) raised its forecast for Taiwan's gross domestic product (GDP) for 2020, on the grounds that Taiwan is performing better than most other countries at dealing with the health and economic impact of the Covid-19 pandemic.
The Taiwan government’s Directorate General of Budget, Accounting and Statistics (DGBAS) has officially cut its forecast for gross domestic product (GDP) growth in 2020 to 2.37% in 2020, a downgrade from its earlier forecast of 2.72% made in November 2019, on fears that the spread of the 2019 novel coronavirus (Covid-19) will have an impact on both the domestic and international economy.
Taiwan's consumer prices fell for the eighth straight month in September compared to the same month in 2019.
Taiwan's core inflation rate decreased in April, according to an official press release yesterday by the Directorate General of Budget Accounting and Statistics (DGBAS).
Taiwan's Consumer Price Index (CPI) fell 0.76% in June 2020, compared with the same month in 2019.
Taiwan's official consumer price index (CPI) fell 0.24% in October, compared with the same month of 2019.
A few encouraging signs exist for people wanting to further their careers. Many Taiwanese say they want to work overseas, as they believe bigger opportunities are available in other countries.More than 60% of Taiwanese said they are inclined to work overseas in 2020 as the country continues to face a serious brain drain due to its comparatively lower salary levels, recruitment experts said.