Taiwan Economic Upswing Accelerates Near 8% After Exports Surge
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Taiwan's economy saw its fastest growth in four years, lifted by a surge in exports to a record ahead of President Donald Trump's Aug. 1 tariff deadline.
Gross domestic product expanded 7.96% in the second quarter from a year earlier, compared with 5.48% in the previous three months, according to a statement by the statistics bureau in Taipei on Thursday. That exceeded every forecast in a Bloomberg survey of analysts, whose median estimate was 5.7%.
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