taiwan economic report overview of the economy in 2003 us iraq war and sars outbreak contributed to a global slowdown first half fortunately impact was short lived enabling international race back since second buoyed by robust 8 2 growth third quarter december insight inc citing strong recovery euro area japan estimated that world expanded 5 up from 0 2002 while export rose 3 6 compared with 9 enjoyed at start came halt when weakened domestic foreign demand sent into recession ebbing these detrimental factors has rapidly recovered consumer investor confidence returned as result both trade production levels have outstripped original predictions leading directorate general budgeting accounting statistics estimate early november
