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Taiwan’s Economic Outlook Is Far From Chipper

Por: MarketWatch Business October 29, 2022

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But this may not last into 4Q22. Global demand for semiconductor chips has subsided, and that has hit the main industry of Taiwan, from production to sales. There was no growth in industrial production in the third quarter. As chips are mainly for export markets, export growth slowed to 1.36%YoY in 3Q from 4.32% in 2Q and 9.06% in 1Q. Weak export prospects led to slow investment growth. We expect the growth of Taiwan’s economy will be slower... + full article



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