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Q1 growth revised up to +8.92% y/y, from +8.16% Government sees 2021 exports +20.4% y/y, from +9.58% TAIPEI, June 4 (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. ....
Orders from China +40.5% y/y; U.S. +43% y/y Ministry sees May orders rising between 40.1% and 44% y/y Taiwan’s COVID outbreak an uncertainty - ministry TAIPEI, May 20 (Reuters) - Taiwan’s April export orders rose for the 14th month in a row and far exceeded expectations, boosted by sustained demand for telecommuting products during strict lockdowns worldwide to contain the COVID-19 pandemic. Strong demand for smartphones made by the likes of Apple Inc also fuelled orders. Taiwan’s export orders, a bellwether of global technology demand, jumped 42.6% from a year earlier to $54.93 billion in April, data from the Ministry of Economic Affairs showed on Thursday. ....
UPDATE 1-Taiwan s April export orders surge again, outlook shadowed by COVID outbreak Reuters 2 hrs ago Orders from China +40.5% y/y; U.S. +43% y/y Ministry sees May orders rising between 40.1% and 44% y/y Taiwan s COVID outbreak an uncertainty - ministry TAIPEI, May 20 (Reuters) - Taiwan s April export orders rose for the 14th month in a row and far exceeded expectations, boosted by sustained demand for telecommuting products during strict lockdowns worldwide to contain the COVID-19 pandemic. Strong demand for smartphones made by the likes of Apple Inc also fuelled orders. Taiwan s export orders, a bellwether of global technology demand, jumped 42.6% from a year earlier to $54.93 billion in April, data from the Ministry of Economic Affairs showed on Thursday. ....
Taiwan's April export orders surge again, outlook shadowed by COVID outbreak channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff 2 Min Read TAIPEI (Reuters) -Taiwan reported a record rise in domestic COVID-19 cases on Friday with 29 new cases and will close bars and nightclubs in the capital, Taipei, as community transmissions in part of city spread. Slideshow ( 2 images ) While Taiwan has reported just 1,291 cases, mostly imported from abroad, out of a population of some 24 million, a recent small rise in domestic infections has spooked residents and the stock market. Health Minister Chen Shih-chung told a news conference that of the 29 new domestic infections many were connected with an outbreak in Taipei’s Wanhua district, a mix of old temples, trendy shops and hostess bars. ....