With a little more growth from Taiwan's labor market, the nation's unemployment rate could drop below 4% as GDP growth tops 4% this year, projects Cathay Financial Holding. Higher GDP should be supported by 7% growth in exports as the global economy recovers, although much depends on developments in the U.S. and China, said National Central University economics professor Hsu Chih-chiang, who headed up the quarterly report by Cathay.

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