Analysis and Forecast of Taiwan’s Economic Situation

Abstract

In 2009, the development of Taiwan's economy was characterised by a sharp decline, stabilisation and gradual recovery, and its economic growth in the fourth quarter is expected to turn positive. Based on a summary of the major Taiwan economic indicators in the first eight months of 2009, the Taiwanese economy has picked up since its bottoming out in the first quarter, and its recovery accelerated in the third quarter. Looking forward to 2010, Taiwan's economic recovery is expected to speed up under the impact of the global economic recovery and accelerated cross-Straits economic cooperation. With the economic recovery, however, Taiwan should accelerate its economic restructuring and industrial upgrading so as to allow its recovery tendency could to stabilise. Keywords:cross-Straits economic cooperation; global economic recovery; Taiwan's economy