U.S., Chinese Mainland Economic Woes Point to End of Taiwan’s Chip-Led Boom

(Bloomberg) — Taiwan’s trade-reliant economy is coming back down to Earth after a banner year for growth as its biggest export markets slow and global demand for electronics and semiconductors starts to wane.

Economists expect that GDP grew 3.15% in the second quarter from a year ago. That would be slightly better than the 3.14% expansion from the January-to-March period, but well below the numbers recorded in 2021. Taiwan reports its latest GDP data on Friday.