Taiwan Growth Slows as Trade Tensions Prompt Consumer Caution

Taiwan’s export-driven economy is cooling as escalating trade tensions between the U.S. and China weigh on local consumers.

The expansion slowed to 2.3 percent in the third quarter from a year earlier, according to Taiwan’s statistics bureau, falling below 3 percent growth for the first time since the second quarter of 2017. That missed the average estimate of 2.5 percent in a Bloomberg survey of 19 economists.