Taiwan’s economy has survived the worst and could grow 3% this year, according to Taiwanese financial conglomerate Fubon Financial Holding. The forecast was based on the improvement in the nation’s exports, which is a critical economic gauge. Taiwan’s Ministry of Finance said exports in October slipped back into contraction but might stage a sustained rebound from this month onward. Fubon Financial chief economist Rick Lo said the market is now less concerned about whether the US Federal Reserve would raise its policy rate by another 25 basis points. Consumer spending would stay healthy, helped by a resilient job market, although the benefits of revenge consumption will taper off, he added. Fubon Financial subsidiaries include Fubon Life, Taipei Fubon Bank, Fubon Bank (Hong Kong), Fubon Bank (China), Fubon Insurance, Fubon Securities and Fubon Asset Management.