Strong global demand for electronics can cushion blow for trade-reliant island. FMTNews Taiwan Economy
Workers assemble electronic components at Taiwanese technology giant Foxconn’s factory in Shenzhen, China.
In February it forecasted full-year growth at 2.37%, but in April the agency’s chief told parliament it was more likely to be 1.3%-1.8%. Chu Tzer-Ming, head of the statistics agency, said the pandemic has knocked 2.1 percentage points off Taiwan’s growth so far this year, but the island will “have no problem” keeping its GDP above a growth rate of 1%.
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