Taiwan could grow 3.3% this year, IMF says

The International Monetary Fund (IMF) has raised its forecast for Taiwan’s GDP growth for this year to 3.3%, up 0.1 percentage points from its April estimate. However, the global lender cut its growth forecast for next year to 2.8%, down 0.1 percentage points from its April estimate. As for inflation, the IMF projected that Taiwan’s consumer price index (CPI) would rise 3.1% this year and 2.2% next year, lower than global levels, while the nation’s unemployment rate is forecast to be 3.6% this year and next year. In its October World Economic Outlook report, the IMF said that the global economy is experiencing turbulent challenges shaped by the lingering effects of Russia’s invasion of Ukraine and tightening financial conditions in most regions.