A SLOW RETURN OF INBOUND TRAVELERS
Global economic expansion persists, with Taiwan benefiting from AI-driven supply chain exports. According to the Directorate- General of Budget, Accounting, and Statistics (DGBAS), Taiwan’s economic growth rate is projected at 3.90% in 2024, the secondhighest level in the past decade. In 2025, as global interest rate cuts potentially stabilize the economy, Taiwan’s economic growth rate is expected to remain at 3.26%. Additionally, since 2022, the minimum wage has increased steadily by over 4% annually, with stable economic growth and rising wages anticipated to drive domestic consumption.