COVID-19: India’s virus surge could slow global recovery: DBSBy Kao Shih-ching / Staff reporterA surge in COVID-19 cases in India is expected to slow a global economic recovery, DBS Bank Ltd (星展銀行) said yesterday, while maintaining its GDP growth forecast for Taiwan at 5 percent this year. Taiwan reported stronger-than-expected 8.16 percent growth in GDP in the first quarter, beating the Singaporean bank’s 6.1 percent prediction from late March. DBS Bank Ltd economist Ma Tieying poses for a photograph at a news conference in Taipei on April 7. However, India’s sharp spike in COVID-19 infections could still take a toll on the global economic rebound, Ma said. Regarding Taiwan’s economy, Ma said the nation’s recovery has been “at full speed,” with GDP expanding quarter-on-quarter for three consecutive quarters.

Source: Taipei Times May 03, 2021 15:56 UTC