Hong Kong has lifted its 2026 growth forecast to between 3.5 and 4.5 percent after a 4.3 percent second quarter carried by external trade, while Bloomberg reports Taiwan is heading for its first double-digit GDP year since 2010 on AI hardware demand.
Global spending on AI computing has turned hardware and electronics into a main driver of export-dependent economies in Asia. Taiwan, a supplier of AI hardware, and Hong Kong, a trade hub, both read that demand directly in their quarterly output and official growth forecasts.
Hong Kong raised its 2026 growth forecast to between 3.5 and 4.5 percent after the economy expanded 4.3 percent in the second quarter, supported by external trade. Bloomberg reports that Taiwan expects its first year of double-digit GDP growth since 2010, driven by demand for AI hardware.