The Asian Development Bank has revised up its economic growth forecast for Taiwan this year to 11%, ranking first in the Asia-Pacific

The Asian Development Bank (ADB) released the "Asian Development Outlook" report on the 23rd, raising its economic growth forecast for developing Asia and the Pacific countries this year to 5%, an increase of 0.1 percentage points from the July forecast, but lower than the 5.5% in 2025. Among them, Taiwan's economic growth forecast for this year has been revised upward to 11%, 1.5 percentage points higher than the July forecast, ranking first among the 50 Asia-Pacific economies surveyed.

The Asian Bank pointed out that the ongoing conflicts in the Middle East and the escalation of the war between Ukraine and Russia have led to high energy prices and severe fluctuations; the El Niño phenomenon is also expected to pose a challenge to the economic outlook. Despite these headwinds, private investment, government stimulus measures, and strong technology exports driven by the artificial intelligence (AI) boom will support economic growth prospects.

The Asian Bank said Taiwan's economic growth this year is expected to reach 11%, higher than the 9.5% forecast in July; South Korea was revised up from 2.6% to 3.2%, Singapore was revised up from 3.2% to 5%, and Hong Kong was revised up from 3% to 4.2%. China's economic growth forecast for this year remains unchanged from the July forecast, both at 4.6%, while India's is revised upward from 6.6% to 7%.

The Asian Bank said that this year's inflation forecast in the Asia-Pacific region has been revised down from 4.3% to 4.2%, but the inflation forecast in 2027 has been revised up from 3.4% to 3.5%. The continued high-end global energy prices will continue to put upward pressure on prices in most countries in the Asia-Pacific region. However, the large-scale subsidy measures adopted by various countries to stabilize prices have eased the impact of rising prices on consumers.