Taiwan's 3Q Output Accelerates as Asian Exports Boom Endures
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Taiwan’s export-oriented economy surged in the third quarter, fed by the smartphone cycle and Asia’s trade boom.
Buoyant trade has helped keep Taiwan’s economy expanding above 2 percent for five straight quarters as demand for its electronics-manufacturing output from mainland China and elsewhere offset the sluggish performance in the consumer sector. Economists anticipate the central bank in Taiwan will be among those in Asia that tighten policy next year as an export recovery fuels capital investment and stokes prices.