Economic Impact of COVID-19 on Taiwan and its Policy Response
Table of Contents
- 1. Impact of COVID-19 on Taiwan Economy in 2020
- 2. Coronavirus (COVID-19) Containment Measures of Taiwan
- 3. Coronavirus (COVID-19) Related Fiscal Policy Measures by Taiwan
- 4. Coronavirus (COVID-19) Related Monetary Policy Measures by Taiwan
- 5. Coronavirus (COVID-19) Related Employment Policy Measures by Taiwan
Taiwan’s economy is expected to be adversely affected by COVID-19 pandemic in 2020. The growth of real gross domestic product (GDP) of Taiwan is expected to shrink, unemployment level to increase and current account balance to reduce due to COVID-19 this year. As of 28th July 2020, Taiwan had 467 confirmed COVID-19 cases out of which 440 people have recovered from the disease while 7 have lost their lives.
In this blog post we will be focusing on economic impact of COVID-19 pandemic and fiscal, monetary and employment policy measures by Taiwan government under following sections –
Impact of COVID-19 on Taiwan Economy in 2020
COVID-19 Containment Measures of Taiwan
COVID-19 Related Fiscal Policy Measures by Taiwan
COVID-19 Related Monetary Policy Measures by Taiwan
COVID-19 Related Employment Policy Measures by Taiwan