# Numbers are out: GDP growth 2.98% in 2020 **URL:** \ **Category:** Money\ **Created:** [January 29, 2021, 5:03pm UTC](https://tw.forumosa.com/t/numbers-are-out-gdp-growth-2-98-in-2020/202131 "2021-01-29T17:03:59Z")\ **Posts on this page:** 11\ **Page:** 1
**Author:** ![OysterOmelet](https://forumosa-12829.kxcdn.com/user_avatar/tw.forumosa.com/oysteromelet/32/219695_2.png) [@OysterOmelet](https://tw.forumosa.com/u/OysterOmelet)\ **Post date:** [January 29, 2021, 5:03pm UTC](https://tw.forumosa.com/t/numbers-are-out-gdp-growth-2-98-in-2020/202131/1 "2021-01-29T17:03:59Z")
Holy smokes in late December they were projecting 2.71% A month ago they were projecting 2.54%. Projections are now 4% for 2021 and 5% for 2022. P.S. I don’t care what they are relative to China. > **[Taiwan reports 3% GDP growth in pandemic-hit 2020, beating China](https://www.google.com/amp/s/au.finance.yahoo.com/amphtml/news/taiwan-reports-3-gdp-growth-101753335.html)** > > Taiwan's GDP grew by nearly three percent last year, official projections showed Friday, making the island one of the world's strongest performing economies during the coronavirus pandemic and surpassing China for the first time in three decades. ---
**Author:** ![Whatevah](https://forumosa-12829.kxcdn.com/letter_avatar_proxy/v4/letter/w/5f9b8f/32.png) [@Whatevah](https://tw.forumosa.com/u/Whatevah)\ **Post date:** [January 29, 2021, 10:36pm UTC](https://tw.forumosa.com/t/numbers-are-out-gdp-growth-2-98-in-2020/202131/2 "2021-01-29T22:36:00Z")
Not surprised at all. Reshoring assets, R&D hubs, offshore wind investments, electronics cycle picking up steam, stellar covid containment and last but not least TSMC becoming the king of tech, I would have been surprised if we did any worse. I’ve been saying it for 3 years the numbers show Taiwan getting back into shape and the only thing keeping it down is the people that still dabble in the old paradigm of stagnating Taiwan and buy Chinese propaganda. I expect 4%-ish growth on average this decade. ---
**Author:** ![afterspivak](https://forumosa-12829.kxcdn.com/letter_avatar_proxy/v4/letter/a/ccd318/32.png) [@afterspivak](https://tw.forumosa.com/u/afterspivak)\ **Post date:** [January 29, 2021, 10:45pm UTC](https://tw.forumosa.com/t/numbers-are-out-gdp-growth-2-98-in-2020/202131/3 "2021-01-29T22:45:45Z")
A significant risk (aside from our belligerent neighbour across the Strait): global slowdown in consumption following the COVID shocks. For an export focused economy like Taiwan, this could certainly limit growth. Still amazing work in 2020 given all the challenges… Guy ---
**Author:** ![DrinkDaddy2020](https://forumosa-12829.kxcdn.com/letter_avatar_proxy/v4/letter/d/a3d4f5/32.png) [@DrinkDaddy2020](https://tw.forumosa.com/u/DrinkDaddy2020)\ **Post date:** [January 30, 2021, 5:54am UTC](https://tw.forumosa.com/t/numbers-are-out-gdp-growth-2-98-in-2020/202131/4 "2021-01-30T05:54:47Z")
Now what about inflation? ---
**Author:** ![OysterOmelet](https://forumosa-12829.kxcdn.com/user_avatar/tw.forumosa.com/oysteromelet/32/219695_2.png) [@OysterOmelet](https://tw.forumosa.com/u/OysterOmelet)\ **Post date:** [January 30, 2021, 5:59am UTC](https://tw.forumosa.com/t/numbers-are-out-gdp-growth-2-98-in-2020/202131/5 "2021-01-30T05:59:59Z")
Not out yet. I should add the caveat that this is a preliminary number. ---
**Author:** ![crusher](https://forumosa-12829.kxcdn.com/user_avatar/tw.forumosa.com/crusher/32/235005_2.png) [@crusher](https://tw.forumosa.com/u/crusher)\ **Post date:** [January 30, 2021, 6:16am UTC](https://tw.forumosa.com/t/numbers-are-out-gdp-growth-2-98-in-2020/202131/6 "2021-01-30T06:16:58Z")
> [@OysterOmelet](#): > > Holy smokes in late December they were projecting 2.71% > > A month ago they were projecting 2.54%. > > Projections are now 4% for 2021 and 5% for 2022. > > P.S. I don’t care what they are relative to China. > > [https://www.google.com/amp/s/au.finance.yahoo.com/amphtml/news/taiwan-reports-3-gdp-growth-101753335.html](https://www.google.com/amp/s/au.finance.yahoo.com/amphtml/news/taiwan-reports-3-gdp-growth-101753335.html) Are there any trustworthy figures as to the real GDP of China anyway? ---
**Author:** ![OysterOmelet](https://forumosa-12829.kxcdn.com/user_avatar/tw.forumosa.com/oysteromelet/32/219695_2.png) [@OysterOmelet](https://tw.forumosa.com/u/OysterOmelet)\ **Post date:** [January 30, 2021, 8:41am UTC](https://tw.forumosa.com/t/numbers-are-out-gdp-growth-2-98-in-2020/202131/7 "2021-01-30T08:41:16Z")
> [@crusher](#): > > Are there any trustworthy figures as to the real GDP of China anyway? It’s overestimated by 12%. According to the hottest economist ever: [![](https://img.youtube.com/vi/DUTldTrLQEI/maxresdefault.jpg "Emi Nakamura: Is China Slowing?") ](https://www.youtube.com/watch?v=DUTldTrLQEI) ---
**Author:** ![OysterOmelet](https://forumosa-12829.kxcdn.com/user_avatar/tw.forumosa.com/oysteromelet/32/219695_2.png) [@OysterOmelet](https://tw.forumosa.com/u/OysterOmelet)\ **Post date:** [February 20, 2021, 3:35pm UTC](https://tw.forumosa.com/t/numbers-are-out-gdp-growth-2-98-in-2020/202131/8 "2021-02-20T15:35:35Z")
DGBAS predicts 4.64% growth for 2021. This is crazy. Investors will obviously cash in. 👀 > **[Taiwan revises economic growth for 2021 to highest level in 7 years | Taiwan...](https://www.taiwannews.com.tw/en/news/4132098)** > > Economy likely to surge by 4.64% despite pandemic ---
**Author:** ![OysterOmelet](https://forumosa-12829.kxcdn.com/user_avatar/tw.forumosa.com/oysteromelet/32/219695_2.png) [@OysterOmelet](https://tw.forumosa.com/u/OysterOmelet)\ **Post date:** [February 20, 2021, 5:52pm UTC](https://tw.forumosa.com/t/numbers-are-out-gdp-growth-2-98-in-2020/202131/9 "2021-02-20T17:52:12Z")
> [@DrinkDaddy2020](#): > > Now what about inflation? There was actually deflation in 2020. ---
**Author:** ![jmee](https://forumosa-12829.kxcdn.com/letter_avatar_proxy/v4/letter/j/8dc957/32.png) [@jmee](https://tw.forumosa.com/u/jmee)\ **Post date:** [February 20, 2021, 9:59pm UTC](https://tw.forumosa.com/t/numbers-are-out-gdp-growth-2-98-in-2020/202131/10 "2021-02-20T21:59:40Z")
> [@OysterOmelet](#): > > According to the hottest economist ever: I only clicked on the video because you said “hottest economist ever.” I’m so predictable. ---
**Author:** ![OysterOmelet](https://forumosa-12829.kxcdn.com/user_avatar/tw.forumosa.com/oysteromelet/32/219695_2.png) [@OysterOmelet](https://tw.forumosa.com/u/OysterOmelet)\ **Post date:** [March 27, 2021, 1:03am UTC](https://tw.forumosa.com/t/numbers-are-out-gdp-growth-2-98-in-2020/202131/11 "2021-03-27T01:03:33Z")
Updated estimated out, _even better_ than previously thought. 3.11%. [https://eng.dgbas.gov.tw/ct.asp?xItem=46903&ctNode=3339](https://eng.dgbas.gov.tw/ct.asp?xItem=46903&ctNode=3339) > February 20, 2021 Taiwan’s real gross domestic product (GDP) grew by 5.09% from the same quarter of the previous year in 2020Q4, according to the latest preliminary estimate. For the whole 2020, the economic growth rate was 3.11%. Meanwhile, the real GDP is projected to grow by 4.64% in 2021. > [@jmee](#): > > I only clicked on the video because you said “hottest economist ever.” I’m so predictable. Was I wrong?