Taiwan Economy Grows Fastest Since 2010 as TSMC Gives Boost
- GDP grew 6.3% in 2021, beating median estimate in survey
- Chipmaker’s 2022 capex plans equal to 5% of Taiwan’s economy
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Taiwan’s economy grew at the fastest pace in 11 years in 2021, with growth set to get another bump this year from an unprecedented spending spree by its largest company.
Gross domestic product grew 6.3% last year, the government’s statistics office said in a statement Thursday, beating the 6% estimate in a Bloomberg survey of economists. That was the fastest rate of expansion since the 10.3% rebound in 2010 after the global financial crisis.