According to a BusinessKorea report on April 25, the International Monetary Fund said that Taiwan’s GDP per capita was expected to increase by at least six percent to over US$36,000 in 2022, while South Korea is estimated to edge up by US$190 to US$34,990.
They need to stop parroting fake news. IMF prediction is 3% not 6%.
I can see that in our office complex. There are some travel agents and staff (and boss too) no doing well at all. They do get some gov help but still not enough to keep their normal pay. Also food services very unstable. My company does business services and somewhat mixed in that some of our customers are doing well and many are not.
If only GDP was an actual measure of overall economic growth. Cuz it’s not. Taiwanese people still generally live in tiny, drafty, moldy apartments and make salaries that are about 1/2 to 1/20 what would be needed if they paid their entire earnings towards the purchase of a slightly newer moldy apartment. Its really hard to say “the economy is growing” when the price of everything has skyrocketed but everyone’s salary is the same as it was 35 years ago.