News Snapshot:
Taiwan Q2 GDP shrinks by most since 2009 as pandemic hits tourism * Q2 GDP -0.73% y/y vs Q1 +1.59% (Reuters poll +0.55%) * Border control hurts tourist spending - govt By Yimou Lee and Jeanny Kao TAIPEI, July 31 (Reuters) - Taiwan's economy recorded its deepest contraction in nearly 11 years in the second quarter, as the coronavirus pandemic dampened tourism although global demand for the island's tech exports helped counter the slowdown. The government is rolling out a stimulus package worth T$1.05 trillion ($35.9 billion) to reduce the impact of strict border closures, which has hit the services...
