Written by Min-Hua Chiang. Despite economic shrinkage, the impact of COVID-19 on Taiwan’s economy is restrained compared to other countries. Singapore (-2.2%), European Union (-2.7%), USA (-4.8%), China (-6.8%) and Hong Kong (-8.9%) have reported a more significant drop in the first quarter of 2020. Taiwan’s success in controlling the spread of COVID-19 has minimized the impact of COVID-19 on its economy. As of May 11 2020, Taiwan reported 440 cases and seven deaths, lower than most other countries in the world.
Written by Kharis Templeman. If Tsai Ing-wen is superstitious, she should be worried: second term presidents in Taiwan appear to be cursed. Much like President Tsai, her predecessor Ma Ying-jeou started his second term on a confident and triumphant note. But over the next four years, he faced a relentless series of political crises, including an intraparty power struggle with Legislative Yuan Speaker Wang Jin-pyng, massive protests against the death of a military conscript and construction of a nuclear power plant, and of course the Sunflower Movement occupation of the legislature, which effectively halted cross-Strait rapprochement with Beijing.