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Barclays Forecasts 3.4% Growth in 2013 for Taiwan

Source: Taiwantrade | Updated: 28 December 2012

The bank also said in its latest market review that Taiwan's gross domestic product for 2012 is likely to increase by 1.2 percent, which is in line with the government's estimate of a 1.13 percent gain.

 

Barclays said that Taiwan's industrial production rose 5.9 percent in November from a year earlier to 131.91, the fifth consecutive monthly increase and the strongest growth since May 2011, beating market expectations.

 

It also noted that the quarterly growth momentum for information and communication products have, for the first time, surpassed the growth of the semiconductors and flat-panel industry this year--a sign that market recovery in the electronics sector has extended to end-products.

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