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Bank of America lifts growth forecast for Taiwan to 8%
Bank of America has nearly doubled its forecast for Taiwan’s economic growth this year to 8% due to “relentless global demand” for AI hardware manufactured by Taiwanese companies. This upgrade joins similar optimistic revisions from other financial institutions like Societe Generale, Goldman Sachs, and Barclays, reflecting strong performance in Taiwan’s tech-driven economy and significant capital spending by companies like TSMC. However, the bank noted risks related to geopolitical dynamics and potential Section 232 tariffs from the US, while not expecting a central bank rate hike this year.