Oct 06, 2022
Summary of current season's economic situation analysis —2022Q2
Comprehensive analysis of the International Economic Outlook, Taiwan Economic Overview, and Taipei Econ Overview in the 2022Q2.
About the Author：Editing by Huang Nuan-Yun
Editor of Taipeiecon
International Economic Outlook
According to EIU, IMF, OECD and other institutions to observe the economic growth forecast for the world's major economies in 2022Q2: U.S. real GDP will grow by1.6%, Japan's real GDP will decline by 2.2%, China`s real GDP will grow by 0.4%, the real GDP of the euro area will grow by 4.0%.
Unit：%
2022 Global Economic Growth Forecast Compiled Chart
| | IMF
2022.07
(2022.04) | UN
2022.05
(2022.01) | IHS Markit
2022.08
(2022.07) | OECD
2022.06
(2021.12) | EIU
2022.08
(2022.07) | WB
2022.06
(2022.01) |
|---|
| region | 2022 | 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | 2023 |
|---|
| Global |
3.2 |
2.9 |
3.1 |
3.1 |
2.7 |
2.3 |
3.0 |
2.8 |
2.8 |
2.1 |
2.9 |
3.0 |
| (3.6) |
(3.6) |
(4.0) |
(3.5) |
(2.7) |
(2.6) |
(4.5) |
(3.2) |
(2.8) |
(2.5) |
(4.1) |
(3.2) |
| USA |
2.3 |
1.0 |
2.6 |
1.8 |
1.5 |
1.0 |
2.5 |
1.2 |
1.7 |
1.2 |
2.5 |
2.4 |
| (3.7) |
(2.3) |
(3.5) |
(2.4) |
(1.4) |
(1.3) |
(3.7) |
(2.4) |
(2.3) |
(1.3) |
(3.7) |
(2.6) |
| JAPAN |
1.7 |
1.7 |
2.7 |
2.2 |
1.5 |
1.6 |
1.7 |
1.8 |
2.0 |
1.0 |
1.7 |
1.3 |
| (2.4) |
(2.3) |
(3.3) |
(2.7) |
(1.7) |
(1.7) |
(3.4) |
(1.1) |
(2.1) |
(1.1) |
(2.9) |
(1.2) |
| EURO |
2.6 |
1.2 |
2.7 |
2.3 |
2.9 |
0.8 |
2.6 |
1.6 |
2.8 |
0.0 |
2.5 |
1.9 |
| (2.8) |
(2.3) |
(4.0) |
(2.5) |
(2.5) |
(1.2) |
(4.3) |
(2.5) |
(2.6) |
(1.6) |
(4.2) |
(2.1) |
| CHINA |
3.3 |
4.6 |
4.5 |
5.2 |
3.8 |
4.9 |
4.4 |
4.9 |
4.0 |
5.3 |
4.3 |
5.2 |
| (4.4) |
(5.1) |
(5.2) |
(5.5) |
(4.0) |
(5.2) |
(5.1) |
(5.1) |
(4.0) |
(5.5) |
(5.1) |
(5.3) |
|
World Trade
|
4.1 |
3.2 |
4.1 |
4.8 |
- |
- |
4.9 |
3.9 |
3.9 |
3.3 |
4.0 |
4.3 |
| (5.0) |
(4.4) |
(5.7) |
(4.0) |
(-) |
(-) |
(4.9) |
(4.5) |
(4.0) |
(3.5) |
(5.8) |
(4.7) |
| |
Note：( )advance estimate.
Source：
- IMF：World Economic Outlook（July 26th 2022）
- UN：World Economic Situation and Prospects 2022（May 18th 2022）
- IHS Markit：Economic Outlook（August 15th 2022）
- OECD：OECD Economic Outlook（June 8st 2022）
- EIU：EIU Country Forecast World June 2022（forecast closing date：August 15th 2022）
- WB：Global Economic Prospects（June 2022）
- Organized by the Department of Industrial Development of the Taiwan Institute of Economic Research.
Taiwan Economic Overview
Key domestic economic indicators for 2022Q2: real GDP grew by 3.05%. Inflation expectations affect the global consumer market, and the growth of export orders slows down, a year-on-year increase of 3.24%. Affected by rising raw material prices, the total value of exports hit a record high, a year-on-year increase of 15.41%. The industrial production index and manufacturing industry production index climbed to 134.15 and 136.26, respectively. This represents a year-on-year rise of 3.68% and 3.86%.
Taiwan Econ Overview
| Indicator | Statistical interval | Data | YoY |
|---|
| GDP (％) |
2022Q2 |
3.05 |
— |
Export Orders
(US$ billion) |
2022Q2 |
166.17 |
▲3.24％ |
Custom Exports
(US$ billion) |
2022Q2 |
125.74 |
▲15.41％ |
| Industrial Production Index in Taiwan |
2022Q2 |
136.26 |
▲3.86％ |
Taipei Econ Overview
As of the end of June 2022, a total of 236,044 businesses were registered in Taipei City. This number declines by 4,182 compared to the previous year, which represents a year-on-year declines of 1.74%. The capital of enterprises in Taipei City reached 13.81 trillion, an increase of 4.05% over the same period last year. The number of registered factories in Taipei City reached 982, an annual declines of 3.44%.
The number of he Profit-seeking Enterprise in Taipei City is 243,443 and the amount of the Profit-seeking Enterprise Income are 5.20 trillion, an annual increase of 13.15%. The tertiary industry had a sales volume of 4.19 trillion, an annual increase of 13.77%. Approved foreign investments in Taipei City amount to US$ 3,071 million, an annual increase of 372.46 %.The number of newly established foreign companies in Taipei City is 57, an increase of 5.56% over the same period last year.
Taiwan Econ Overview
| Indicator | Statistical interval | Data | YoY |
|---|
Industry & Business Registration
(Number) |
June 2022
(bottom value) |
236,044 |
▼1.74% |
Total Capital of Companies Registered
(NT$ trillion) |
June 2022
(bottom value) |
13.81 |
▲4.05% |
Factory Registration
(Number) |
June 2022
(bottom value) |
982 |
▼3.44% |
The Number of the Profit-seeking Enterprise
(Number) |
June 2022
(bottom value) |
243,443 |
▲1.13％ |
The Amount of the Profit-seeking Enterprise Income
(NT$ trillion) |
Apr. - Jun. 2022
(Cumulative value) |
5.20 |
▲13.15% |
Sales of Tertiary Industry
(NT$ trillion) |
Apr. - Jun. 2022
(Cumulative value) |
4.19 |
▲13.77% |
Foreign Direct Investment
(US$ hundred million) |
Apr. - Jun. 2022
(Cumulative value) |
30.71 |
▲372.46% |
Number of Newly Established Foreign Companies
(Number) |
Apr. - Jun. 2022
(Cumulative value) |
57 |
▲5.56% |
