Noting uncertain prospects for exports in a lagging global economy, Deutsche Bank and DBS Bank have scaled back their predictions for Taiwan's growth this year. The banks now see a gain of 2.6% or 2.7% in gross domestic product, down from previous forecasts of more than 3%. "Rebound in exports this quarter is insufficient to bring about a meaningful recovery in GDP growth, which we now expect to take place in the second half," said Juliana Lee, a Hong Kong-based economist at Deutsche Bank.

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