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Taiwan Covid Deaths Hit Daily Record 127, GDP Growth Slowing | Forbes

Taiwan Covid Deaths Hit Daily Record 127, GDP Growth Slowing

Taiwan, home to many of the world’s largest technology companies, reported a daily record 127 Covid deaths on Saturday, amid signs the global pandemic was slowing economic growth both there and around the world.

The Central Epidemic Command Center also reported 80,835 domestic Covid cases on Saturday, down from a single-day record of 94,808 domestic infections on Friday, the Central News Agency said. The pandemic will likely remain at a “high but stable plateau” for at least two weeks in Taiwan.

The record increase in deaths followed a cut in the government’s GDP forecast for 2022 on Thursday to 3.91% from 4.42%, according to the Directorate General of Budget, Accounting and Statistics.

The cut in Taiwan’s expected GDP increase this year comes amid worries of recession or slowing growth in the U.S. and mainland China, the world’s two largest economies. Taiwan ranks No. 22.