Taiwan’s Economy Grew More-Than-Estimated 2.27% Last Quarter
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Taiwan’s economy expanded at a faster-than-estimated pace in the second quarter as domestic consumption improved, even as a slowdown in China damps the outlook for the island’s exports.
Gross domestic product rose 2.27 percent from a year earlier after increasing 1.67 percent in the first quarter, the statistics bureau said in a preliminary report in Taipei today. The median estimate of 23 economists in a Bloomberg News survey was 2.1 percent.