0238 GMT - UOB raises its 2025 GDP growth forecast for Taiwan to 3.5% from 3.0% after the island's economic expansion accelerated in 1Q on robust investment gains and net exports. AI-related demand could stay strong and support Taiwan's economic growth, UOB's Ho Woei Chen says in a research note. However, the economist says the island economy faces higher downside risks in 2H if trade negotiations with the U.S. don't turn out well. Its shipments to the U.S. account for 25% of total exports and 14% of its GDP, she notes. Given the economy's resilience so far and continuing trade talks, UOB maintains its forecast for the central bank to leave rates unchanged at 2.0% for the rest of the year.(sherry.qin@wsj.com)
(END) Dow Jones Newswires
May 01, 2025 22:38 ET (02:38 GMT)
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