ECCT Healthcare Sustainability Committee Lunch

Prospects for the overall economy & the biomedical industry

Guest speaker: Dr Wang Jiann-Chyuan, Vice President, Chung-Hua Institution for Economic Research (CIER)
Date & Time: Wednesday, 29 March 2023, 12:00-14:00
Venue: Dragon Hall, 3F, Howard Plaza Hotel / 台北福華大飯店 3F 金龍廳
Address: No. 160, Sec. 3 , Jen Ai Road, Taipei, Taiwan 10657/台北市大安區仁愛路三段160號

This event is mainly conducted in Mandarin. English interpretation will be offered on site.

After expanding rapidly during the global coronavirus pandemic, Taiwan’s economy experienced its first quarterly GDP contraction in the fourth quarter of 2022. This dragged down overall GDP growth in 2022 to 2.43% (based on preliminary estimates). Tumbling export figures were then main contributor. Exports in the fourth quarter fell 8.6% year-on-year, the first drop in 26 consecutive quarters. In addition, the spill-over effects of geopolitical conflicts, high inflation and rising interest rates have taken a toll on the local economy. Taiwan’s manufacturing Purchasing Managers’ Index (PMI) has been below the neutral 50 mark for seven consecutive months, indicating further economic contraction ahead.

How long is the slowdown likely to last and are there signs of a rebound in economic activity? At this event our guest speaker will give a summary of the main factors likely to affect the economy in the year ahead. He will also provide some perspectives on Taiwan’s biomedical industry.

Among other topics, the presentation will cover the following:

• Taiwan’s economic turning point
• Spill-over effects from rising US interest rates and US dollar appreciation
• Global and Taiwan economic outlook for 2023
• How Taiwan's economy continues to move forward at a fast pace
• Views on Taiwan's biomedical industry.

About the speaker

Dr Wang Jiann-Chyuan has been Vice President of the Chung-Hua Institution for Economic Research (CIER) since 2008, where he previously served as a Research Fellow and Director of the Third Research Division. He is concurrently Adjunct professor at Feng Chia University and was previously Adjunct Professor in the Department of Business Administration at National Taiwan University of Science and Technology. He was formerly Chairman of the Smart Mobility Association Taiwan (SMAT, from 2019-2022) and Chairman of the Asia Pacific Industrial Analysis Association (APIAA, from 2019-2021). He also previously served as a Consultant to the Ministry of Economic Affairs (MOEA, from 2015-2017) and a Committee Member of the MOEA’s Industrial Development Advisory Council.  

Cost: NT$1,600 for members and NT$2,400 for members' guest(s)

To cancel without penalty, written cancellations must be received 24 hours before the event.

Contact: Ivy Lin

Tel: 2740-0236 ext. 228 / ivy.lin@ecct.com.tw