STEADY AND STABLE:
The credit ratings agency listed some of the factors propelling Taiwan’s growth, as well as pointing out some possible future headwinds
By Crystal Hsu /
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Taiwan’s economy should expand 9.4 percent this year, fueled by a technology-led growth surge, while strong external finances continue to underpin the nation’s sovereign credit strength, Fitch Ratings said yesterday.The economy’s outlook remains supported by surging semiconductor exports, driven by global demand for artificial intelligence (AI) applications, as well as resilient private consumption, Fitch Ratings director for Asia-Pacific sovereign ratings Sagarika Chandra said at a news conference in Taipei.Taiwan’s advanced manufacturing capabilities and highly specialized semiconductor ecosystem give the economy a competitive edge, allowing it to benefit from the global AI investment boom, Chandra said.
