Taiwan economy to expand by 2.71 per cent in 2020 despite pandemic


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Taiwan economy to expand by 2.71 per cent in 2020 despite pandemic By - Dec 16, 2020 Taiwan’s trade-oriented economy will expand 2.71 per cent this year and 4.24 per cent in 2021 despite the impact of the Covid-19 pandemic, a leading academic institute forecast Wednesday. The Institute for Economics of Taipei`s Academia Sinica related that Taiwan has been able to maintain positive economic growth despite the pandemic’s shock to global markets thanks to the effectiveness of an array of government public health measures and economic assistance programmes. As of mid-December, Taiwan had suffered only seven fatalities out of 750...