UBS TIPPING 4.2% GROWTH FOR TAIWAN IN 2013 ON GLOBAL REBOUND

TAIPEI - UBS has raised its forecast for Taiwan's gross domestic product growth for 2013 to 4.2% from an earlier estimate of 3.7% on the back of a rebound in exports as global demand revives. UBS says in a research report that Taiwan's economy showed signs of a rebound in the fourth quarter of last year, posting higher-than-expected GDP growth of 3.72%, and that economic momentum is expected to continue. UBS also predicts that Taiwan's private consumption will grow by more than 2% in 2013 (ATI).