Economy
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Economy Could Hold Up Better Than Envisaged
July 2008 | Market StrategySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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The Taiwanese economy is holding up decently, despite surging inflation and threats to its mighty export industry due to waning demand for the country's products in G3 markets. Today's unemployment figures surprised on the upside, with the seasonally adjusted rate shrinking to 3.88% from 3.89% in May. Warming cross-Strait ties, as evidenced by the resumption of direct flights on July 4, have helped bolster recruitment in the local tourist industry.