Key View

• We at Fitch Solutions have revised our forecast for Taiwan’s current account surplus to 13.0% of GDP in 2021, from 11.2% previously, amid strong semiconductor exports.
• Our forecast reflects our expectation for the current account surplus to narrow from 14.1% of GDP in 2020, as we expect imports to pick up with a rebound in domestic

Key View

• Taiwan will aim to rein in healthcare costs.
• Taiwan has a growing dependent population that poses a threat to the financing of the National Health Insurance.
• Drugmakers will continue to face a number of headwinds.

Taiwan will aim to rein in healthcare costs. Taiwan’s healthcare system runs on a single-payer National Health

Key View

• We at Fitch Solutions have revised up our 2021 real GDP forecast for Taiwan to 3.8%, from 3.0% previously, as we believe the economy will extend its strong recovery over the coming months as demand for semiconductor exports rise further amid a global shortage.
• The robust exports sector will help to improve the employment outlook in

Key View

• Taiwan presents an attractive market for convenience retail development on the back of a strong economic outlook and having been relatively shielded from the negative impact of the Covid-19 pandemic.
• We note that Taiwan also benefits from a large urban population and high incomes, which will help support the convenience trend over

Key View

• Digital health will continue to strengthen healthcare operations in Taiwan.
• Digital health partnerships are likely to increase in frequency in the future.
• Taiwan's national health insurance scheme remains significantly better than others in the region.

Digital health will continue to strengthen healthcare operations in Taiwan

Key View

• We at Fitch Solutions have revised up our forecast for Taiwan's real GDP growth to 1.9% for 2020 and 3.0% for 2021, from 0.9% and 2.8% respectively, previously.
• Taiwan's real GDP growth came in at 3.3% in Q320, recovering significantly from a 0.6% y-o-y contraction in Q220, led by strong export performance.
• We expect Taiwan to

Key View

• We at Fitch Solutions now expect Taiwan’s current account surplus to 11.7% of GDP in 2020, from our forecast of 9.3% previously, given strong electronics exports bolstered by demand for 5G technologies and home-office devices.
• For 2021, we forecast Taiwan’s current account surplus to shrink slightly to 11.2% of GDP, driven by a

Key View

• Non-hydropower renewables will be a key growth driver in Taiwan’s power sector, in line with a very strong ongoing government commitment and continued investor interest, particularly for offshore wind.
• Despite some near-term delays from supply chain disruptions due to the Covid-19 pandemic, we expect this to abate over the longer

Key View

• We at Fitch Solutions maintain our forecast for Taiwan’s real GDP to grow by 0.9% in 2020, as we expect domestic consumption to rebound amid easing fears about Covid-19, wealth effects from a rising stock market, and a likely pick up in domestic tourism activities.
• We also expect investment to remain robust, as private investments

Key View

• We at Fitch Solutions have revised up our real GDP forecast for Taiwan to 0.9% in 2020, from 0.5% previously, as the hit to both domestic and external demand will likely be less severe than what we had previously expected.
• Over the coming months, private consumption will likely pick up, supported by easing concerns over a contagion