RTTNews - Taiwan's real gross domestic product, or GDP, dropped 10.24% year-over-year in the first quarter, compared with the 8.61% decline in the fourth quarter, revised from 8.36% reported initially, a report released by the Directorate-General of Budget, Accounting and Statistics said Thursday. Economists had expected the economy to contract 9.26%.

For 2008 as a whole, the real GDP increased 0.06%, revised from 0.12% estimated initially.

Meanwhile, the real exports of goods and services decreased 27.15% annually in the first quarter.

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