WORST OVER?
Taiwan’s economic growth forecast could be revised upward if AI-related demand continued to accelerate in the second half of the year, TIER said
By Crystal Hsu / Staff reporter
Taiwan’s business sentiment improved across manufacturing, services and construction last month, as resilient artificial intelligence (AI) demand helped cushion the economy from geopolitical uncertainty in the Middle East, the Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) said yesterday.The institute’s manufacturing business climate gauge rose 0.93 points from a month earlier to 97.14, while the services index increased 0.54 points to 96.73. The construction sector gauge rose 2.6 points to 94.67, ending three consecutive months of decline.“The worst moment has already passed,” TIER Economic Forecasting Center director Gordon Sun (孫明德) said at a news conference in Taipei, adding that the economic impact of Middle East tensions was slowly fading.
Taiwan Institute of Economic Research Economic Forecasting Center director Gordon Sun poses for a photograph at a news conference in Taipei yesterday.
