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Taiwan exports jump

Taiwan’s exports rose for the fourth straight month in February, fuelled by strong demand from China over the Lunar New Year holidays, the finance ministry said on Monday.

But while the latest trade figures suggest that economic growth in the first quarter will be robust, economists say the data won’t spur the central bank to raise interest rates during this month’s policy meeting, given the continued hazy outlook on the global economy.

Exports rose 32.6 percent from a year earlier to USD16.69 billion in February, according to the ministry, in line with the median forecast of nine economists polled by Dow Jones Newswires for a 33.2 percent increase.

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(Source: The Wall Street Journal Online)