Economics

Exports, Investments Fuel Taiwan’s Best GDP Outlook Since 2010

Statistics authority raises full-year growth forecast to 5.88%
Domestic consumption seen rebounding in post-Covid recovery

Taiwan: Life Amid Possible Lockdown As Domestic Cases Rise — Photographer: Ceng Shou Yi/NurPhoto via Getty Images

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By Miaojung Lin and Betty Hou

August 13, 2021 at 8:49 AM UTC

Updated on

August 13, 2021 at 10:31 AM UTC

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Taiwan raised its economic growth forecast for this year as an export and investment boom continues and it begins easing virus restrictions, giving a boost to consumption.