The Directorate General of Budget, Accounting, and Statistics (DGBAS) slightly revised Taiwan's economic growth forecast for 2023 to 3.1% and predicted a significant drop in the second half to just 1%. While the economy grew by 5.35% in the first half due to demand driven by U.S. tariff policies, the second half is expected to see a substantial decline of 4.35 percentage points, the fourth largest margin historically.

DGBAS Director Tsai Yu-tai stated that the uncertainty surrounding the U.S. tariff policies would impact consumer and investment confidence, leading to weaker export performance. Overall, the economy remains strong, with exports expected to exceed $500 billion for the first time.

Investment growth projections have been adjusted down to 5.77% due to a cooling housing market and geopolitical uncertainties. In terms of prices, the Consumer Price Index (CPI) is forecast to increase by 1.88%, falling below the inflation warning line for the first time in four years.