April 25, 2024
The Taiwanese Economy in March 2024
Due to continued strength in US employment and consumer spending, the IMF has significantly upgraded its forecast for US economic growth in 2024. Additionally, global demand has notably improved, contributing to a turnaround in manufacturing performance. Manufacturing Purchasing Managers’ Indicator (PMI) for the US, China, Japan, and ASEAN countries have all shown upward trends in recent months, indicating a global manufacturing outlook rebound. However, geopolitical turmoil has continued to impact international raw material prices, warranting attention.