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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Poverty in Taiwan at record high: report AFP - Monday, August 16 Send IM Story Print Poverty in Taiwan at record high: report Slideshow: Full Photo Coverage: Business & Economy TAIPEI (AFP) - – The number of Taiwanese households living in poverty rose to a record high of 108,000 in the three months to June despite the continued growth of the economy, it was reported on Sunday. The quarterly figure marked an increase of 10,000 households over a year ago, the Commercial Times said, citing figures compiled by the Ministry of the Interior to be released this week. In Taipei, a single adult earning under 14,614 Taiwan dollars (457 US) a month is considered to be in poverty, the newspaper said, while the benchmark is slightly lower for the rest of the island. The ministry blamed an income gap which has been widening despite Taiwan enjoying a steady recovery from the global economic downturn. "Relatively speaking, the rich families have benefited from the economic recovery," an unnamed ministry official was quoted as saying. The island's economy jumped 13.27 percent year-on-year during the first quarter of this year, growing at its fastest pace in more than 30 years, thanks to strong demand for exports in markets such as China. The fast growth cements the island's recovery from its worst economic crisis since World War II and was helped by a rebound in world trade after the global downturn. The figure, which compares with a contraction of more than nine percent in the same period last year, is the highest for Taiwan since the fourth quarter of 1978, the government said. Recommend Send IM Story Print Related Articles Qatar cuts deposit rate, cites lower global rates Reuters - 24 minutes ago Oman nominal GDP up 30.4 pct in Q1 on oil price Reuters - 32 minutes ago Qatar's Qtel Q2 net profit falls 45 pct Reuters - 1 hour 2 minutes ago Israel's Barak approves U.S. F-35 fighters purchase Reuters - 1 hour 12 minutes ago US-BUSINESS Summary Reuters - 1 hour 40 minutes ago News Search Top Stories Fires still threaten Russian nuclear site Eight killed, 12 injured in California desert race Russian grain export ban comes into force Germany revving up but Merkel continues to sputter Summer breather in Greece ahead of austerity push More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Obama endorses mosque plan near Ground Zero Belgian man dies of South Asian superbug Wall Street ends week with sharp drops and gloom Eight killed, 12 injured in California desert race Australia corals to light up cancer cure fight More Most Viewed » Obama endorses mosque plan near Ground Zero Argentine students crack three-decade-old murder mystery 40 US billionaires pledge half wealth to charity Visitors attack Taiwan 'haunted house' actors World's first full face transplant man appears on TV More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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