0516 GMT - Taiwan's economic outlook remains positive, with growth potentially exceeding expectations in 1Q, DBS economist Ma Tieying says. DBS maintains its 2025 GDP growth forecast at 3.0% after preliminary data indicated that 2024 growth averaged 4.3%. Investment is expected to remain robust this year, supported by ongoing capex from semiconductor companies like TSMC, which recently announced a 34% increase in its 2025 capex, Ma notes. "Export growth is expected to stay healthy, with cloud AI continuing to drive Taiwan's server supply chains," she adds. Reports suggest that the island's chip supply chain is seeing a surge in rush orders, likely due to U.S. tariff threats and inventory stockpiling. (fabiana.negrinochoa@wsj.com)
(END) Dow Jones Newswires
January 27, 2025 00:16 ET (05:16 GMT)
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