Taiwan raises 2025 growth target after AI-led Q3 expansion

Taiwan’s economy grew 7.64% year-on-year in the July-September quarter, surpassing the 6.0% forecast and driven by strong demand for AI-related semiconductor exports and cloud services. The government plans to lift its full-year growth target to “above 5%”, up from the previously projected 4.45%. While momentum slowed from Q2’s 8.01% growth, the tech-hardware surge has offset weakness elsewhere. The central bank is expected to keep rates on hold, signalling confidence in the expansion despite external risks.