The government indicated consumer sentiment could take a toll on the economy over the rest of the year, saying “rising economic uncertainties and volatility in financial market will affect consumption confidence.”
Taiwan lowered its economic growth outlook for this year, reflecting concern about the impact of potential US tariffs on the archipelago’s export-driven economy.
Gross domestic product is expected to expand 3.10% in 2025, the statistics bureau in Taipei said in a statement on Wednesday, down from a previous estimate of 3.14%. First quarter GDP came in at 5.48%, compared to the 5.40% predicted by economists surveyed by Bloomberg.
