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Global Economic Outlook
Taiwan: 2011 Outlook
By Adam Wolfe
- After a soft spot in H2 2010 and H1 2011, Taiwan’s economic growth should pick up steadily.
- Private consumption looks to be the main driver of growth in 2011, though net exports will continue to expand.
- Despite weak inflationary pressures, rising asset prices should encourage the central bank to continue normalizing monetary policy in 2011.
Growth Dynamics: Solid Recovery
As we expected, Taiwan’s growth was basically flat in Q3 2010. However, we have revised up our forecast for 2010 to