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After the Shock: The Economic Impact of Taiwan's Earthquake Oct 99
Standard & Poors, Oct 1999
Abstract
(EDITOR'S NOTE--In the original version of this article published on Oct. 4, 1999, an estimate of the increase in nonperforming loans was misstated in the second-to-last paragraph. A corrected version follows.) The recent earthquake in Taiwan caused substantial infrastructure damage and the effect on the island's economy, at least in the short term, will be significant. However, the consequences for GDP growth may be limited, and in the medium term, economic growth may well be stimulated by increases in infrastructure and construction spending. The power outages currently affecting the island are having a particularly severe impact on the computer hardware and components industry. As production losses mount, the negative impact on this industry, which is the backbone of Taiwan's economy,...
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