Economics
Taiwan’s Economy Slows With China Lockdowns Clouding Outlook
- GDP slows to 3.06% in first quarter, higher than estimates
- Officials warn China curbs may hit growth in second quarter
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Taiwan’s strongest economic expansion in a decade cooled in the first quarter, with lockdowns in China posing new challenges to growth in the months ahead.
Gross domestic product rose 3.06% in the January-to-March period from a year earlier, down from 4.9% in the previous three months, official data showed Thursday. That was higher than the 2.8% predicted in a Bloomberg survey of economists.