Taiwan's exports will register double-digit growth starting from the fourth quarter this year, the Cabinet-level Directorate-General of Budget, Accounting and Statistics said Thursday. DGBAS data indicate a surge of 13.1 percent in exports for the coming quarter, with the annual gain advancing to 15 percent for 2010. According to economic analysts, exports look set to resume their role as the country's major economic growth engine. The agency said that for 2010, Taiwan's economy will move up by 3.92 percent, from which 2.03 percent will come from net foreign demand (exports minus imports). Tsai Hung-kun, a DGBAS director, said based on IHS Global Insight projections, the world economy will rise by 2.3 percent in 2010, as compared with a decline of 2.4 percent this year. “The US, European Union and Japan, which comprise over 60 percent of the world's economy, will see their economies inch up 1.5 percent, 0.5 percent and 0.8 percent, respectively.” Tsai said
