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Taiwan Raises 2024 GDP Forecast Amid Export Recovery

People buy food items at a market in New Taipei City

Taiwan has recently revised its 2024 GDP growth forecast upwards as the country's exports show signs of recovery. This positive development comes as Taiwan's economy continues to rebound from the challenges posed by the global pandemic.

The revised forecast reflects the resilience of Taiwan's export sector, which has been a key driver of economic growth. The country's exports have been steadily recovering, supported by strong demand for technology products and electronic components.

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