GDP in Taiwan contracted last quarter as a surge in COVID-19 cases weighed heavily on consumer-facing sectors and exports slowed. Although consumption should bounce back now that virus cases are falling and mobility is rebounding, the worsening prospects for exports means growth is likely to be slower than most expect over the coming year.
Drop-In (Thurs, 28th July): Our Emerging Asia and China teams will be discussing what lies in store for the region’s exporters as global recession risks rise. Register here to join this 20-minute online briefing.
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