Taiwan’s economy showed growth of 0.69% in the second quarter of the year. That’s according to the latest figures released by the government.
The growth is higher than the earlier estimation of 0.48%. The boost is largely thanks to an increase in electronics exports, and the fact that exports of other goods have gradually come out of a slump.
The numbers also show that, despite a drop in number of Mainland Chinese tourists, the number of tourists from other countries has increased by 8.02%. The result is a net gain of 2.2% in total tourist numbers.
Wang Shu-chuan of the government statistics office said the Q2 growth raises the possibility of achieving 1% GDP growth for the year. However, she said, there are many global factors, such as the effects of Brexit and the situation in the Middle East, that could still impact Taiwan’s economy.