Taiwan's Cabinet forecasts the national economy will grow by just over 3% this year, which would beat the global average for the second year in a row.
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00:00Taiwan's economic growth is expected to surpass 3% over the next year, according to
00:06new government estimates.
00:08That would beat the global average for the second year in a row.
00:11The figure is lower than last year, though, when growth hit a three-year high of 4.3%,
00:16off the back of artificial intelligence and global demand for Taiwan's chips.
00:22Taiwan's economy is expected to face challenges in 2025 with the possibility of a trade war
00:27under Donald Trump.
00:28The U.S. president has also floated the idea of tariffs on imported chips.