Taiwan Posts Second-Straight Expansion on Electronics Demand
- Economy expaned 2.06% in the third quarter from a year earlier
- Central bank has held main rate at a six-year low of 1.375%
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Taiwan’s economy picked up in the three months through September as domestic consumption firmed and global demand for its electronics and machinery exports rebounded.
Gross domestic product rose 2.06 percent in the third quarter from a year earlier, preliminary data released by the statistics bureau showed Friday. That compares with a median estimate of 1.8 percent growth in a Bloomberg survey, and follows a 0.7 percent gain in the second quarter. The government in August raised its full-year GDP forecast to 1.22 percent from 1.06 percent.