As the Russian invasion of Ukraine, climate change, and continuing ripple effects from the pandemic, growing inflationary pressure has brought the global economy to the brink of recession. The IMF’s World Economic Outlook released in October has projected the global economy will decline by 4.4% in 2022. Taiwan Talks explores how countries around the world are coping with the food and energy crisis. Despite looming fears of a downturn, Taiwan's real GDP growth rate in 2022 hit 3.3%, the highest in East Asia. We examine what factors are contributing to Taiwan’s growing GDP. Has Taiwan’s equity markets hit rock bottom and why has there been a decline in foreign investment?
In this episode, Peter Kurz Quantum International Chief Strategy Officer shares with us how Taiwan can leverage its advantages to continue to win new opportunities as the country reopens its borders. We also hear from Alex Capri, Hinrich Foundation research fellow and expert of global supply chains on Taiwan’s indispensable role in the global supply chain restructuring as U.S.-China tech competition intensifies.
Topics discussed:
- Overall global economic situation and how Taiwan’s neighbors, from Japan, South Korea to China are recovering
- Impact of interest rate hikes led by the Fed
- Global food and energy crisis and what this means for the region
- Zero COVID policy and its impact on regional investors as capital increasingly flows out of China
- Factors behind Taiwan’s 3.3% 2022 real GDP growth rate, the highest in East Asia
- Analysis of Taiwan’s equity markets – has it hit the rock bottom and what is driving the decline of foreign investment
- Cross-Strait tensions and impact on potential and existing investors
- Taiwan’s wages as a double-edged sword
- Strength of Taiwanese industries and its indispensable role in the global supply chain restructuring as U.S.-led ‘friendshoring’ efforts aim to decrease reliance on Chinese suppliers and create alternate supply chains amongst like-minded democracies
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