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Taiwan's Second-Quarter GDP Jumped, Despite Local Covid-19 Resurgence

07/30/2021 | 04:33am EDT

By Yifan Wang

Taiwan's gross domestic product jumped 7.47% in the second quarter, slightly easing from an 8.92% rise in the first three months of the year, preliminary data showed.

The latest data keeps Taiwan among the world's best-performing economies so far this year, even as a recent Covid-19 resurgence in the island led to tightened restrictions.

The rise has been driven by the strong expansion in domestic production and better-than-expected exports, even though the local outbreak in recent months weighed on growth momentum.

On a seasonally-adjusted basis, the economy in the second quarter fell 2.03% from the previous quarter.

Write to Yifan Wang at yifan.wang@wsj.com

(END) Dow Jones Newswires

07-30-21 0432ET

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