Taiwan’s Economy Grew 12.53% in Second Quarter

Taiwan said Thursday its economy grew a higher-than-expected 12.53 percent y/y in the 2Q’10, confirming the export-dependent island’s recovery from the global downturn. The figure compares with a predicted year on year growth figure of 7.66 percent forecast by the Directorate General of Budget, Accounting and Statistics three months ago. – AFP

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