Apple : Taiwan upgrades 2021 economic view as Q1 growth

Apple : Taiwan upgrades 2021 economic view as Q1 growth jumps


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TAIPEI (Reuters) - Taiwan's economy will grow at its fastest pace in more than a decade in 2021, the statistics office said on Friday, upgrading its outlook as a strong rebound in exports helps the island even as it deals with a spike in COVID-19 cases. Gross domestic product (GDP) is expected to expand 5.46% this year, the Directorate General of Budget, Accounting and Statistics said, up from a forecast made in February for 4.64% growth, which would be its fastest since 2010's 10.25%.
The revision came as the statistics office more than doubled its export growth forecast for this year, with global demand for the island's technology products buoyed by a work-from-home boom during the COVID-19 pandemic.

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