Economics

Taiwan Lawmakers Double Stimulus Cap as Virus Batters Economy

  • Action comes as soft lockdown hits retailers, restaurants
  • Stimulus includes targeted support for individuals, businesses
Customers buy food at market in Taipei, Taiwan.Photographer: Billy H.C. Kwok/Bloomberg
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Lawmakers in Taipei doubled the amount of stimulus available to cushion the economy from the pandemic, after Taiwan’s worst outbreak so far shuttered stores and forced curbs on social gatherings.