Taiwan’s Economy Faces Mounting Risks From Demand Slowdown
- GDP expands 4.1% in 3Q, beating economist expectations
- Rate is still weaker than official estimates from August
The flag lowering ceremony in Taipei, Taiwan.
Photographer: Lam Yik Fei/BloombergThis article is for subscribers only.
Taiwan’s economy expanded faster than expected last quarter as an easing in Covid restrictions helped to spur spending and offset sliding global demand for its exports.
Gross domestic product grew 4.1% in the July-to-September period from a year ago, the Directorate General of Budget Accounting and Statistics said Friday, much higher than the 3.2% growth expected by economists in a Bloomberg survey. That was the strongest expansion since the final three months of 2021.