{"id":523405,"date":"2026-06-29T01:12:14","date_gmt":"2026-06-29T01:12:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/523405\/"},"modified":"2026-06-29T01:12:14","modified_gmt":"2026-06-29T01:12:14","slug":"yuanta-upgrades-taiwans-gdp-growth-to-11-05","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/523405\/","title":{"rendered":"Yuanta upgrades Taiwan\u2019s GDP growth to 11.05%"},"content":{"rendered":"

DEMAND:
\n Yuanta projected exports to increase 25.49%, domestic investment to grow 8.38% and private consumption to expand 4.99% from last year <\/p>\n

By Chen Cheng-hui \/ Staff reporter<\/p>\n

Yuanta Securities Investment Consulting Co (\u5143\u5927\u6295\u9867) has upgraded its forecast for Taiwan\u2019s GDP growth this year to 11.05 percent from the 8.72 percent it estimated in March, as artificial intelligence (AI)-driven growth momentum remains resilient despite a slump in the housing market.<\/p>\n

\u201cGiven the continued strength in exports, several institutions have been raising their forecasts for this year\u2019s economic growth to above 9 percent since May, higher than Taiwan\u2019s average growth of 3.11 percent over the past 10 years,\u201d Yuanta said in a report released on Thursday last week.<\/p>\n

Yuanta\u2019s GDP growth forecast is higher than the central bank\u2019s 9.45 percent estimate issued earlier this month and the Directorate-General of Budget, Accounting and Statistics\u2019 9.64 percent projection unveiled last month. It is also the highest forecast by domestic and foreign institutions.<\/p>\n

<\/p>\n

Photo: CNA<\/p>\n

The National Development Council\u2019s business climate monitor last week showed that Taiwan\u2019s economy last month remained in the \u201cred\u201d zone, signaling overheating, for the sixth consecutive month, with the outlook in the months ahead still promising.<\/p>\n

Yuanta\u2019s forecast shows its upward revision is driven by exports, domestic investment and private consumption, with exports projected to increase 25.49 percent from a year earlier, domestic investment to grow 8.38 percent and private consumption to expand 4.99 percent.<\/p>\n

\u201cTaiwan\u2019s technology hardware sector is at the core of the AI industry chain, driving exports to remain at a high level,\u201d Yuanta said in the report.<\/p>\n

\u201cWhile the AI wave has continuously led major cloud service providers to revise their capital expenditures upward, current investment levels have not yet reached bubble levels,\u201d it said. \u201cEven though the housing market has not yet stabilized, increased AI capital expenditure and inventory replenishment are driving investment growth.\u201d<\/p>\n

Wealth effects from strong stock market performance, alongside a stable job market and continued wage growth, also support domestic consumption, Yuanta said.<\/p>\n

As the legislature has not approved the government\u2019s budget plans for next year, Yuanta said it remains conservative about government consumption, government investment and public investment in the year ahead, expecting each to increase 2 percent on average, compared with growth of 2.9 to 7.6 percent over the past five years.<\/p>\n

Yuanta projected the economy could expand 6.18 percent next year, albeit with room for upward revisions, it added.<\/p>\n

Regarding headline inflation, Yuanta lifted its consumer price index (CPI) growth forecast by 0.12 percentage points to 1.95 percent for this year, citing the impact of conflicts in the Middle East.<\/p>\n

It forecast CPI could increase 1.98 percent next year.<\/p>\n

\u201cAlthough the easing of tensions between the US and Iran has led to a decline in international oil prices, alleviating pressure on energy prices, domestic demand in Taiwan is gradually recovering, and core CPI is expected to remain elevated in the next two years,\u201d Yuanta said.<\/p>\n","protected":false},"excerpt":{"rendered":"DEMAND: Yuanta projected exports to increase 25.49%, domestic investment to grow 8.38% and private consumption to expand 4.99%…\n","protected":false},"author":2,"featured_media":523406,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60,9889,9888],"class_list":["post-523405","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland","tag-the-taipei-times","tag-9888"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/523405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=523405"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/523405\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/523406"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=523405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=523405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=523405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}