Taiwan Export Orders Growth Misses Forecasts âšī¸
Taiwanese export orders grew by 3.3% year-on-year in November 2024, slowing from the previous month and missing market expectations, with declines in basic metals, chemicals, and information and communication products, while orders rebounded for optical and photographic equipment and increased at a faster pace for machinery.
The article indicates a slowdown in Taiwanese export growth, which could have a moderate impact on the investment portfolio. While some sectors like basic metals, chemicals, and information and communication products saw declines, others like optical and photographic equipment, and machinery saw improvements. The overall impact is likely to be neutral, as the portfolio is diversified across different sectors and geographies.
Taiwan Holds Rates Steady âšī¸
The Central Bank of Taiwan kept its key interest rate unchanged at 2% in December 2024, raised its 2024 GDP growth forecast to 4.25%, and cautioned about potential risks in 2025 due to uncertainties surrounding US trade policies.
The article provides an update on the monetary policy decision and economic outlook from the Central Bank of Taiwan. While the bank raised its GDP growth forecast for 2024, it also cautioned about potential risks in 2025 due to uncertainties around US trade policies. This mixed outlook is likely to have a moderate impact on the given investment portfolio, which includes exposure to both global and regional equity markets as well as commodities. The neutral impact assessment reflects the balanced nature of the news, with both positive and negative elements.