News Snapshot:
Taipei, July 31 (CNA) Taiwan's gross domestic product (GDP) fell 0.73 percent from a year earlier in the second quarter because of the effects of the COVID-19 scare, the Directorate General of Budget, Accounting and Statistics (DGBAS) said Friday. The second quarter real GDP figure was well below an earlier forecast of 0.50 percent growth made by the DGBAS in May, data compiled by the agency showed. It was the first time Taiwan's GDP had posted negative growth in a quarter since the first quarter of 2016, when the local economy contracted by 0.09 percent from a year earlier. For...
