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Economy

Taiwan's GDP falls surprise 0.73% in Q2 as global economy slows

Resilient electronics sector and COVID containment prevented bigger contraction

A TSMC engineer works in a cleanroom at the company's semiconductor manufacturing plant in Taiwan. Taiwan's chip makers have helped support the island's economy during the coronavirus pandemic. (Photo provided by TSMC)

TAIPEI -- Taiwan's economy unexpectedly shrank 0.73% in the April-June quarter from a year earlier, in line with regional peers that are contracting due to the global slowdown stemming from the COVID-19 pandemic.

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