from Hotznplotzn@lemmy.sdf.org to world@lemmy.world on 02 Feb 10:28
https://lemmy.sdf.org/post/50130471
cross-posted from: lemmy.sdf.org/post/50129910
Taiwan’s economy expanded at the fastest pace since 2010 last year as it cashed in on the artificial-intelligence boom.
The island, home to chip-making titan TSMC, could power ahead this year too as the AI spending cycle shows no signs of slowing.
The chips and electronics Taiwan produces have been in high demand thanks to relentless appetite for AI, and front-loading to get ahead of tariffs. Exports surged about 35% to a record $640.75 billion last year, buoying the broader economy.
Data on Friday showed that gross domestic product rose 8.63% in 2025, accelerating from 5.27% in 2024 and beating economists’ expectations for a more than 7% increase.
The export boom not only bolstered industrial production but also improved consumption, Deutsche Bank economists said in a recent note.
[…]
The Taiwanese economy expanded 12.68% year-on-year in Q4 2025, far exceeding market expectations of 8.5% and accelerating sharply from 8.21% in the previous quarter.
It marked the strongest pace of growth since Q3 1987, as per Tradingeconomics com.
[…]
#world
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Neat! Hopefully it’s being circulated through the entire country and benefiting those in the lower income classes.
Not in this timeline.
What makes you think that?
I’m pretty doomy, I just don’t see any large gains in wealth trickling down to those who need it. The world’s richest seem to try and keep the balance of prosperity on their side. I know I’m jaded and it would be nice if I’m wrong about the whole thing.