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NDC Targets 3.5% Economic Growth, Highlights AI Opportunities
Posted on 2024-05-23 15:11:13
The National Development Council aims to achieve an economic growth rate of
over 3.5-percent this year...

...by boosting exports, investment, and domestic consumption.

Key to this goal is leveraging global manufacturing recovery and AI
application opportunities in the second half of the year.

Premier Cho Jung-tai on Thursday noted the domestic economy is recovering
with rebounding exports...

...growing manufacturing, and thriving consumption.

The unemployment rate is at 3.36-percent, the lowest in 24 years for the same
month.

Cho highlighted President Lai Ching-te's vision includes balanced national
development and promoting a healthy Taiwan...

...focusing on future-forward strategies and global marketing.

NDC Deputy Minister Kao Xien-guei (高仙桂) emphasized that Taiwan must
navigate geopolitical challenges...

...and a weak global economic recovery.

However, opportunities lie in the international rebound of manufacturing and
expanding AI technology applications.

Reaching the growth target depends on the economic team's ability to
implement these strategies effectively.

(PB)

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