Taiwan-based company’s plan to raise $500m by 2020 is a good example of what’s possible in the global economy
By The Associated PressBy John GressBy The Associated NewsBy The Wall St. JournalPublished Mar 05, 2020 12:06AMTAIWAN (AP) Taiwanese companies and financial institutions have the potential to create a lot more jobs and create more economic growth, according to a new report by McKinsey & Co.
The report, released Thursday, says that the economic opportunities for the next decade are enormous and that it’s possible for the country to create about half of all the new jobs in the next 25 years.
While the report does not offer specific recommendations, it does say that Taiwan’s rapid growth will require some structural changes.
“Taiwan’s transition to a low-carbon economy is a key driver of economic opportunity, which is why McKinsey’s economic and social research team recommends a long-term shift to a sustainable and sustainable sustainable economic system,” the report said.
McKinsey’s report, “The Road Ahead: What is a sustainable economy?,” estimates that if Taiwan were to grow at the average annual rate of 3.7 percent, the country would need to add about 9.6 million jobs to achieve its growth targets.
It adds that if the country’s growth rate remained at 2.9 percent, Taiwan would need 2.7 million jobs by 2040.
The company said Taiwan is already among the world’s most developed economies, and the growth opportunities for 2020 are huge.
The country’s economy is projected to grow 6.4 percent in 2020, according the McKinsey report, which also projects that the island’s population will reach 6.9 million people.
The McKinsey Global Institute is the world-leading research organization that works on global growth and development.
McKinsey said the report is an opportunity to take stock of Taiwan’s future.
The research firm said that the economy of Taiwan is growing faster than that of any other country, which means it’s an attractive place for foreign investment and growth opportunities.
Taiwan’s economy grew at an average of 6.3 percent in the first quarter of this year, a slow pace for a developing economy, according a McKinsey study.
The United States has the world, according for the McKinseys report, with a growth rate of 4.7 per cent.
The United Kingdom and China have the world as well, with growth rates of 5.6 and 6.2 percent, respectively.
The study says that Taiwan has been able to create significant economic growth over the last five years by relying on technology and infrastructure to make sure that it has access to the global markets.
Taiwan has the second-fastest-growing economy in the world and has already surpassed its goal of creating 20 percent of its GDP from low- and middle-income jobs.
In the report, McKinsey estimates that Taiwan will have about 10.5 million jobs in 2020.
The report does acknowledge that the pace of economic growth in Taiwan will slow in the years ahead.
Taiwan currently has a per capita income of $3,300 and its population is about 4 million.
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