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Taiwanese Growth Rebounds on Export Boom and Domestic Stimulus

  • Pandemic response, surge in exports boosting the economy
  • Third-quarter growth was strongest since middle of 2018
Taiwan Data Set to Show If Island’s Economy Escaped Contraction
Photographer: I-Hwa Cheng/Bloomberg
Updated on

Taiwan’s economy expanded at its fastest pace in more than two years, with the quick control of the Covid-19 pandemic and the benefits of U.S.-China competition combining to boost growth after a contraction earlier this year.

Gross domestic product expanded 3.3% in the third quarter from a year ago, its fastest increase since June 2018, the statistics bureau said Friday. That was higher than even the most bullish forecast in a survey of economists. The median estimate was for growth of 1.1%.