TIER Predicts 3.85% GDP Growth for 2024
The Taiwan Institute of Economic Research, or TIER, has revised its GDP forecast for Taiwan to 3.85% for 2024, an increase of 0.56 percentage points from April.
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00:00A top economic think tank has raised its prediction for Taiwan's 2024 economic growth.
00:06The Taiwan Institute of Economic Research, or TIER, has revised its GDP forecast from
00:113.29% to 3.85% growth for 2024.
00:17TIER says reasons for its latest forecast include the global AI boom, a stable employment
00:23market, wage increases, and a booming stock market.
00:26It expects steady growth over the next few months, but says inflation needs to be monitored.