Leading Taiwan think tank TIER reports that strong export orders and high domestic demand are helping offset rising consumer prices. TIER says exports have gotten a boost from increased demand for AI chips, and retail and tourism are driving consumption at home. The institute says based on this, its upbeat about the outlook for the rest of this year.
Category
🗞
NewsTranscript
00:00New data is painting a positive picture for Taiwan's economy for the rest of the year.
00:04The figures come from a leading think tank in the country.
00:08The Taiwan Institute of Economic Research says strong export orders and domestic demand
00:12are helping the country's economy weather higher consumer prices following Typhoon Kaimi
00:17in July.
00:18The institute says demand for AI chips is driving foreign sales, while retail and domestic
00:23tourism are fueling demand locally.
00:26Despite recent volatility in Taiwan's stocks, the think tank says stockbrokers are generally
00:31optimistic about the market through to the end of the year.