Taiwan Warns Exports to Struggle in Rest of 2022 as Demand Slows
- Export growth may slip to single digits in 4Q on headwinds
- Fed rate hikes, global demand slowdown among factors
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Taiwan’s exports are expected to slow to a crawl through the end of the year, according to Finance Minister Su Jain-rong, as waning global demand piles pressure on the trade-dependent economy.
Growth in overseas shipments might slump to single-digits in the fourth quarter of 2022, Su said in an interview in Manila on Friday. He cited global headwinds including the US Federal Reserve’s rate hikes and slowdowns in the US and Europe, which are major trading partners for Taiwan.