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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

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