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Taiwan Economy Grows Fastest Since 2010 as TSMC Gives Boost – Financial Post

January 28, 2022
Source: canadanewsmedia.ca canadanewsmedia.ca
News Snapshot:
Article content (Bloomberg) — Taiwan’s economy grew at the fastest pace in 11 years in 2021, with growth set to get another bump this year from an unprecedented spending spree by its largest company. Gross domestic product grew 6.3% last year, the government’s statistics office said in a statement Thursday, beating the 6% estimate in a Bloomberg survey of economists. That was the fastest rate of expansion since the 10.3% rebound in 2010 after the global financial crisis. The better-than-forecast full-year result was fueled by a 4.9% expansion in the fourth-quarter, itself ahead of the 3.9% median economist estimate. Advertisement...
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