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Taiwan GDP growth beats estimates as exports outweigh Covid impact ...Qatar
Taiwan’s economy grew faster than expected in the second quarter, fuelled by strong export demand that offset the impact of island-wide Covid-19 restrictions. Gross domestic product grew 7.47% in the second quarter from a year earlier, official data released Friday show, well above the median estimate of 6.65% in a Bloomberg survey of economists. Friday’s numbers and strong second-quarter results from Taiwan’s biggest exporters underscore the island’s two-speed economy: While many of its major technology and shipping companies are seeing near-record revenues, the service sector is struggling to overcome Covid restrictions. Taiwan’s 10 biggest companies that make a majority of their revenue
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