Taiwan raised its forecast for growth this year as a global shortage of semiconductors sparks an international competition to secure access to the island’s technology. Gross domestic product will likely expand 4.64% in 2021, the statistics bureau said Saturday, compared to its most recent forecast of 3.83% made late last year. Officials also revised fourth-quarter GDP higher to 5.09%. While Taiwan’s projected growth for this year lags behind the global average of 5.4%, according to a Bloomberg survey of economists, it is coming off a higher base after having been one of the few significant economies to register an ... (full story)