For the past year and a half, Taiwan’s export-oriented economy managed to surpass nearly all expectations, most recently marking 6.2 per cent growth in the first quarter of this year. Its manufacturers notched up a 20 per cent growth in exports in the first four months of the year, even after exports already grew one third last year compared to the year before.
But is this run about to end? Recent data releases indicate a slowdown looms.
The value of export orders in April, which acts as a leading indicator for actual exports several months later, were up just 10 per cent from the year before, compared to economists’ expectations of a 15 per cent increase, according to data released last week.
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