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Economy

Taiwan raises 2019 growth outlook and sees faster pace next year

Factories moving from China help buoy latest forecast of 2.46% expansion

A TSMC semiconductor factory: Taiwan appears to be benefiting from the Sino-American rift, in contrast to other export-oriented Asian economies like Hong Kong and Singapore.

TAIPEI (Reuters) -- Taiwan raised its 2019 economic growth forecast on Friday, with prospects lifted by more factories moving production to the island from China despite worries about slowing technology demand and the Sino-U.S. trade war.

The statistics agency raised its full-year outlook to 2.46% from 2.19% forecast in May.

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