Taiwan’s economy grew faster than expected in the second quarter, fuelled by strong export demand that offset the impact of island-wide Covid-19 restrictions. Gross domestic product grew 7.47% in the second quarter from a year earlier, official data released Friday show, well above the median estimate of 6.65% in a Bloomberg survey of economists. Friday’s numbers and strong second-quarter results from Taiwan’s biggest exporters underscore the island’s two-speed economy: While many of its major technology and shipping companies are seeing near-record revenues, the service sector is struggling to overcome Covid restrictions. Taiwan’s 10 biggest companies that make a majority of their revenue
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