Taiwan’s economy might expand 3.1%, bank saysBy Crystal Hsu / Staff reporterTaiwan’s economy might expand 3.1 percent next year, faster than the 1.1 percent growth estimated for this year, as inventory adjustments would end this quarter, allowing restocking demand to increase, Standard Chartered Bank Taiwan said yesterday. Taiwan’s economy might expand 3.1 percent next year, Standard Chartered Bank Taiwan said yesterday. Chinese tourists would contribute to Taiwan’s tourism sector if the two sides allow greater civilian exchanges after Taiwan’s presidential election next month, he said. The domestic property market would also come out of the woods next year after dodging a hard landing this year, Phoo said. The property market’s resilience has much to do with relatively low borrowing costs and prudent financial planning by homebuyers, he said.

Source: Taipei Times December 13, 2023 03:30 UTC