# Taiwan Economy Discussion **URL:** \ **Category:** Taiwan Politics\ **Created:** [March 8, 2022, 11:55pm UTC](https://tw.forumosa.com/t/taiwan-economy-discussion/217689 "2022-03-08T23:55:15Z")\ **Posts on this page:** 20\ **Page:** 1
**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:** [March 8, 2022, 11:55pm UTC](https://tw.forumosa.com/t/taiwan-economy-discussion/217689/1 "2022-03-08T23:55:15Z")
We got a bunch of one off threads on this but I thought maybe we can have something more general regarding economic developments in Taiwan. I’ll start with these that got buried under Ukraine news. GDP growth keeps getting upgraded. > **[Taiwan posts 6.28% GDP growth in 2021, fastest pace in over a decade - Focus...](https://focustaiwan.tw/business/202201270012)** > > Taipei, Jan. 27 (CNA) Taiwan's economy grew by 6.28 percent in 2021 on the back of strong exports, beating an earlier forecast made in November while posting the largest growth rate in 11 years, according to an advance estimate released Thursday by... > **[Taiwan raises 2022 GDP growth forecast to 4.42% - Focus Taiwan](https://focustaiwan.tw/business/202202240019)** > > Taipei, Feb. 24 (CNA) Taiwan's top statistics agency has raised its forecast for the country's 2022 gross domestic product (GDP) growth to 4.42 percent, citing strong exports and increased investments. Exports and imports for Feb were released yesterday and absolutely crushed by predictions of less than 20%. Also seems like China bound exports are decreasing. > **[Taiwan's exports grow for 20th straight month in February - Focus Taiwan](https://focustaiwan.tw/business/202203080032)** > > Taipei, March 8 (CNA) Taiwan's exports grew for a 20th consecutive month in February, up more than 34 percent from a year earlier, on the back of increasing global demand amid an economic recovery, the Ministry of Finance (MOF) said Tuesday. ---
**Author:** ![izzy](https://forumosa-12829.kxcdn.com/letter_avatar_proxy/v4/letter/i/c2a13f/32.png) [@izzy](https://tw.forumosa.com/u/izzy)\ **Post date:** [March 9, 2022, 12:00am UTC](https://tw.forumosa.com/t/taiwan-economy-discussion/217689/2 "2022-03-09T00:00:05Z")
sadly, i dont see any of this in my industry, we rely on international travel and without businesses travelers coming to Taiwan we have had the roughest 2 years ever. ---
**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 14, 2022, 6:59am UTC](https://tw.forumosa.com/t/taiwan-economy-discussion/217689/3 "2022-03-14T06:59:56Z")
War might shave some decimals off for 2022. Still on pace for 4%. > **[Russia-Ukraine conflict impact could cut Taiwan GDP growth by 0.3-0.4 points...](https://focustaiwan.tw/business/202203120008)** > > Taipei, March 12 (CNA) If the military conflict between Russia and Ukraine continues and the resultant impact on the global economy intensifies, Taiwan's gross domestic product (GDP) growth could be reduced by 0.3 to 0.4 percentage points this year,... ---
**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:** [April 29, 2022, 3:50am UTC](https://tw.forumosa.com/t/taiwan-economy-discussion/217689/4 "2022-04-29T03:50:57Z")
Beat expectations in Q1. > **[Taiwan posts 3.06% year-on-year GDP growth in Q1 - Focus Taiwan](https://focustaiwan.tw/business/202204280026)** > > Taipei, April 28 (CNA) Taiwan's economy grew by 3.06 percent in the first quarter of 2022 from the same period a year earlier, beating expectations on the back of strong-performing exports, according to preliminary data from the Directorate General... Korea Q1: 0.7%+ ---
**Author:** ![Gain](https://forumosa-12829.kxcdn.com/letter_avatar_proxy/v4/letter/g/b487fb/32.png) [@Gain](https://tw.forumosa.com/u/Gain)\ **Post date:** [April 29, 2022, 6:45am UTC](https://tw.forumosa.com/t/taiwan-economy-discussion/217689/5 "2022-04-29T06:45:18Z")
> **[S&P raises Taiwan's long-term issuer credit ratings on strong economic...](https://www.reuters.com/article/taiwan-economy-ratings/sp-raises-taiwans-long-term-issuer-credit-ratings-on-strong-economic-performance-idUSL3N2WR0SG)** > > S&P Global Ratings raised its long-term issuer credit ratings on Taiwan to "AA+" on Friday, as robust demand for electronics exports helped raise the country's income to levels compatible with a stronger economic assessment. This is a surprise. There aren’t that many countries with AA+ and AAA ratings. ---
**Author:** ![slawa](https://forumosa-12829.kxcdn.com/user_avatar/tw.forumosa.com/slawa/32/112823_2.png) [@slawa](https://tw.forumosa.com/u/slawa)\ **Post date:** [May 5, 2022, 8:31am UTC](https://tw.forumosa.com/t/taiwan-economy-discussion/217689/6 "2022-05-05T08:31:34Z")
> **[President credits people as Taiwan GDP set to overtake South Korea - Focus...](https://focustaiwan.tw/politics/202205040020)** > > Taipei, May 4 (CNA) Taiwan President Tsai Ing-wen (蔡英文) on Wednesday credited the people of Taiwan for their efforts after an international report stated that the country's GDP per capita was expected to surpass that of South Korea for the first time... ---
**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:** [May 5, 2022, 8:58am UTC](https://tw.forumosa.com/t/taiwan-economy-discussion/217689/7 "2022-05-05T08:58:51Z")
That’s a little bit counting chickens before they hatch. ---
**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:** [May 5, 2022, 9:01am UTC](https://tw.forumosa.com/t/taiwan-economy-discussion/217689/8 "2022-05-05T09:01:05Z")
> 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%. ---
**Author:** ![Gain](https://forumosa-12829.kxcdn.com/letter_avatar_proxy/v4/letter/g/b487fb/32.png) [@Gain](https://tw.forumosa.com/u/Gain)\ **Post date:** [May 5, 2022, 9:02am UTC](https://tw.forumosa.com/t/taiwan-economy-discussion/217689/9 "2022-05-05T09:02:21Z")
> [@OysterOmelet](#): > > They need to stop parroting fake news. IMF prediction is 3% not 6%. It’s not fake news. The figures are IMF projections. ---
**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:** [May 5, 2022, 9:03am UTC](https://tw.forumosa.com/t/taiwan-economy-discussion/217689/10 "2022-05-05T09:03:59Z")
> [@Gain](#): > > not fake news. The figures are IMF projections. > [@Gain](#): > > > [@OysterOmelet](#): > > > > They need to stop parroting fake news. IMF prediction is 3% not 6%. > > It’s not fake news. The figures are IMF projections. The 6% projection = fake news. IMF projection is 3%. ---
**Author:** ![Gain](https://forumosa-12829.kxcdn.com/letter_avatar_proxy/v4/letter/g/b487fb/32.png) [@Gain](https://tw.forumosa.com/u/Gain)\ **Post date:** [May 5, 2022, 9:05am UTC](https://tw.forumosa.com/t/taiwan-economy-discussion/217689/11 "2022-05-05T09:05:55Z")
> [@OysterOmelet](#): > > The 6% projection = fake news. IMF projection is 3%. There are other factors like exchange rates and stuff. 3% is real GDP growth. ---
**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:** [May 5, 2022, 9:07am UTC](https://tw.forumosa.com/t/taiwan-economy-discussion/217689/12 "2022-05-05T09:07:21Z")
> [@Gain](#): > > There are other factors like exchange rates and stuff. 3% is real GDP growth. The IMF simply did not make that 6% prediction. They need to stop spreading that crap. ---
**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:** [May 5, 2022, 9:08am UTC](https://tw.forumosa.com/t/taiwan-economy-discussion/217689/13 "2022-05-05T09:08:06Z")
> **[IMF lowers Taiwan GDP forecast for 2022 | Taiwan News | 2022-04-20 14:26:00](https://www.taiwannews.com.tw/en/news/4513049)** > > International Monetary Fund cuts forecast by 0.1 percentage points to 3.2% | 2022-04-20 14:26:00 ---
**Author:** ![Gain](https://forumosa-12829.kxcdn.com/letter_avatar_proxy/v4/letter/g/b487fb/32.png) [@Gain](https://tw.forumosa.com/u/Gain)\ **Post date:** [May 5, 2022, 9:09am UTC](https://tw.forumosa.com/t/taiwan-economy-discussion/217689/14 "2022-05-05T09:09:32Z")
> [@OysterOmelet](#): > > The IMF simply did not make that 6% prediction. They need to stop spreading that crap. It did. If you compare the 2022 projections and 2021 figures, it’s a 6% growth. ---
**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:** [May 5, 2022, 9:11am UTC](https://tw.forumosa.com/t/taiwan-economy-discussion/217689/15 "2022-05-05T09:11:51Z")
No it didn’t. The Business Korea report is wrong. ---
**Author:** ![Gain](https://forumosa-12829.kxcdn.com/letter_avatar_proxy/v4/letter/g/b487fb/32.png) [@Gain](https://tw.forumosa.com/u/Gain)\ **Post date:** [May 5, 2022, 9:18am UTC](https://tw.forumosa.com/t/taiwan-economy-discussion/217689/16 "2022-05-05T09:18:52Z")
It did. 36,050 ~ 33,780x1.06. ---
**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:** [May 5, 2022, 9:33am UTC](https://tw.forumosa.com/t/taiwan-economy-discussion/217689/17 "2022-05-05T09:33:02Z")
> [@Gain](#): > > It did. 36,050 ~ 33,780x1.06. Unless you have a link to the IMF report saying so, it’s fake news. ---
**Author:** ![Gain](https://forumosa-12829.kxcdn.com/letter_avatar_proxy/v4/letter/g/b487fb/32.png) [@Gain](https://tw.forumosa.com/u/Gain)\ **Post date:** [May 5, 2022, 9:39am UTC](https://tw.forumosa.com/t/taiwan-economy-discussion/217689/18 "2022-05-05T09:39:39Z")
> [@OysterOmelet](#): > > Unless you have a link to the IMF report saying so, it’s fake news. You are relentless. [https://www.imf.org/external/datamapper/NGDPDPC@WEO/OEMDC/ADVEC/WEOWORLD/TWN](https://www.imf.org/external/datamapper/NGDPDPC@WEO/OEMDC/ADVEC/WEOWORLD/TWN) ---
**Author:** ![PeiHua-Connie](https://forumosa-12829.kxcdn.com/letter_avatar_proxy/v4/letter/p/a4c791/32.png) [@PeiHua-Connie](https://tw.forumosa.com/u/PeiHua-Connie)\ **Post date:** [May 5, 2022, 11:27pm UTC](https://tw.forumosa.com/t/taiwan-economy-discussion/217689/19 "2022-05-05T23:27:45Z")
> [@izzy](#): > > sadly, i dont see any of this in my industry, we rely on international travel and without businesses travelers coming to Taiwan we have had the roughest 2 years ever. 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. ---
**Author:** ![nz](https://forumosa-12829.kxcdn.com/letter_avatar_proxy/v4/letter/n/a9adbd/32.png) [@nz](https://tw.forumosa.com/u/nz)\ **Post date:** [May 5, 2022, 11:40pm UTC](https://tw.forumosa.com/t/taiwan-economy-discussion/217689/20 "2022-05-05T23:40:34Z")
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. [Next page](https://tw.forumosa.com/t/taiwan-economy-discussion/217689.md?page=2)