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Taiwan growth outlook brightens as factories gear up for smartphone demand

20
Aug
2014

By J.R. Wu TAIPEI (Reuters) – The launch of new tech products such as Apples iPhone 6 will help Taiwan remain one of Asias stronger exporters, bolstering its economic prospects this year amid a patchy global recovery. After the government raised Taiwans GDP outlook for 2014 last week, export orders on Wednesday will provide more evidence that prospects have improved for the trade-reliant economy. A manufacturing survey in July showed new export orders grew at their fastest rates since January 2011. Taiwans upgrade of economic growth estimates is unusual at a time when its North Asian neighbours are downgrading forecasts and rolling out stimulus measures to prop up growth.

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