Economist, Centennial Asia Advisors

Nigel Chiang

Centennial Asia Advisors deliver timely and accurate economic and political analysis to investors, focused on anticipating key turning points that affect the client’s interests in the Asia-Pacific region. Clients include public agencies and central banks, as well as fund managers and investment banks. The company draws strength from its flexibility to tailor products to fit client’s specific interests. It provides detailed macro-economic forecasts, scenario analysis and timely assessments of how specific major economic and political developments may affect a client’s areas of interest. At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way.

Economist

Taiwan: Could Robust Growth and Strong Inflation Compel a Rate Hike This Year?

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Centennial Asia Advisors

At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way. With over 30 years experience covering Asia’s political economy, you can be sure our conclusions and analyses are based on the unadulterated facts. Through years of fine-tuning our research methodologies, we deliver a quality of macroeconomic analysis few other houses can match.

Centennial Asia Advisors is an independent research and advisory firm that works with governments, multilateral institutions, financial firms and leading MNCs.

Economic Policy and Strategic Advisors

Macroeconomics

We expect a blow-out 1Q21 GDP growth print in the ballpark of 7% in year-on-year terms as manufacturing continues to surge off the back of buoyant external demand, likely catalysing a broader-based economic acceleration, as evinced by the recent momentum in capex and private consumption.The robust economic backdrop poses upside risks to our latest full-year GDP growth forecast of +4.6 for 2021, but also implies continued upward pressure on the currency, which the monetary authorities have thus far offset via off-balance sheet purchases of US Dollar denominated assets, including via Taiwan’s life insurers (lifers). This strategy has worked in the past but could come under the US’ ire soon under a new and more energised Biden administration.

We expect a blow-out 1Q21 GDP growth print in the ballpark of 7% in year-on-year terms as manufacturing continues to surge off the back of buoyant external demand, likely catalysing a broader-based economic acceleration, as evinced by the recent momentum in capex and private consumption.The robust economic backdrop poses upside risks to our latest full-year GDP growth forecast of +4.6 for 2021, but also implies continued upward pressure on the currency, which the monetary authorities have thus far offset via off-balance sheet purchases of US Dollar denominated assets, including via Taiwan’s life insurers (lifers). This strategy has worked in the past but could come under the US’ ire soon under a new and more energised Biden administration.

Taiwan: All Cylinders Firing in Unison