Taiwan’s coronavirus outbreak leaves services sector reeling as new curbs bite – Therapy Box

Taiwan’s coronavirus outbreak leaves services sector reeling as new curbs bite

Taiwan’s all-important service sector will shrink and dent gross domestic product (GDP) growth if new restrictions imposed to curb a spike in Covid-19 infections last another month or two, eating into economic expansion that outpaced most of the world last year, economists say.But Taiwan’s manufacturing sector – a key source of the world’s semiconductors, PCs and machinery – is expected to stay strong.The island has recorded 1,889 coronavirus cases for the past 11 days, with most caused by…