Taiwan's economy seen expanding 5.6% in first quarter on strong exports: Reuters poll
Taiwan's trade-dependent economy likely grew faster in the first quarter, supported by a rebound in exports amid upbeat demand for the technology that powers artificial intelligence (AI) applications, a Reuters poll showed on Monday. First-quarter exports rose 12.9% year-on-year, compared with the fourth-quarter's annual expansion of just 3.4%, as Taiwan's tech-heavy exporters like chipmakers rode a wave of AI demand. The economy in China, Taiwan's largest export market, grew faster than expected in the first quarter, expanding 5.3% year-on-year and comfortably topping fo...
Source: yahoo.com
