Apple : Taiwan raises 2020 economic view as third quarter growth jumps

TAIPEI (Reuters) – Taiwan’s economy is expected to grow 2.54% in 2020, the slowest in four years but far better than many of its regional peers, as a strong rebound in exports and consumer confidence helps the island shake off the blow from the coronavirus crisis. Boosted by strong global demand for the island’s technology products during the work-from-home boom, the economy is expected to expand this year, the Directorate General of Budget, Accounting and Statistics said on Friday, upgrading its outlook. In August, it forecast full-year growth of 1.56%, which would have been Taiwan’s weakest in five years. Gross…