NON-TECH SUPPORT:
Exports of non-tech products rose in the first seven months of the year, suggesting traditional industries are reviving, a statistics official said
By Crystal Hsu /
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The government yesterday raised its economic growth forecast for this year to 11.05 percent, which would be the fastest pace in 39 years, as stronger-than-expected exports, investment and consumption extended the economy’s artificial intelligence (AI)-fueled expansion.The latest forecast was 1.41 percentage points higher than the previous estimate of 9.64 percent in May, reflecting surging demand for Taiwanese-made AI hardware, stronger private investment and better-than-expected domestic consumption, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said.“Exports, the biggest contributor to economic growth, have been driven by demand for electronics, and information and communications technology products,” DGBAS Minister Chen Shu-tzu (陳淑姿) told a news conference in Taipei.
