Taiwan’s economic growth hit a new six-quarter high in the second quarter of this year, thanks to better-than-expected exports and domestic consumption.
According to figures released by the government statistics office on Thursday, Taiwan’s economy grew 3.84% in the second quarter. The figure is much higher than the 2.79% forecast in May.
An official with the government statistics office, Jasmine Mei, commented on the state of the economy.
"Basically [the economy] is recovering steadily. In the second quarter, risks in the global economy did not go away altogether; international institutions were continuing to revise the global economic growth rate downwards," said Mei.
"Our domestic industries [recovered] on the back of the iPhone 6, growing sales of PCs and notebook computers, and a slowing in the decline of flat panel sales," she said.