The government-sponsored Industrial Technology Research Institute (ITRI) predicts that Taiwan's manufacturing sector will experience growth of over 5% in 2024. This growth is expected as inventory adjustments come to an end, inflationary pressure eases, and there is an increase in the use of emerging technologies.
The four major segments of the manufacturing sector are expected to see a recovery in 2024, with the information and electronics segment projected to have the highest growth. However, challenges such as supply chain restructuring and geopolitical tensions may create uncertainties for Taiwan's manufacturers.
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