Taiwan's Directorate General of Budget Accounting and Statistics (DGBAS) has increased its forecast for Taiwan's GDP growth for 2024 to 3.94%.

Taiwan's real gross domestic product (GDP) increased by 2.32% in the third quarter of 2023 from the same period of previous year, according to the latest preliminary estimate from the Directorate General of Budget Accounting and Statistics (DGBAS).

Taiwan's Gross Domestic Product (GDP) increased by 3.92% year-on-year in the third quarter of 2020 (3Q20), according to a report by the Directorate General of Budget Accounting and Statistics (DGBAS).

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The Directorate General of Budget Accounting and Statistics (DGBAS) has cut its official 2023 forecast for Gross Domestic Product (GDP) to 2.12%, a downward revision of 0.63 percentage points from its previous forecast.

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Taiwan's real GDP is projected to grow by 1.61% in 2023, according to the latest preliminary estimate from the Directorate General of Budget Accounting and Statistics (DGBAS). This represents a downward revision of by 0.43 percentage point from the previous forecast.

Taiwan's real GDP in the second quarter of 2024 (2Q24) rose by 1.16% on a quarter-on-quarter, seasonally-adjusted annualized basis (saar) and 5.06% on a year-on-year (yoy) basis, according to the latest report from the Directorate General of Budget Accounting and Statistics (DGBAS).

Just a week after announcing an emergency 50 basis point rate cut, the US Federal Reserve cut rates today by a further full percentage point to a range of 0-0.25%.

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 International Monetary Fund (IMF) has lowered Taiwan's 2023 gross domestic product (GDP) growth forecast by 1.3 percentage points from its April estimate to 0.8%.

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