Taiwan GDP

Taiwan

Taiwan: Economic growth comes to a halt in Q1

May 16, 2012

In the first quarter, GDP rose 0.4% over the same period the previous year, according to a 30 April advance estimate. The reading came in below both the 1.9% expansion recorded in the fourth quarter as well as market expectations of a 1.0% increase. The figure marked, in fact, the worst result in three years. The deceleration was entirely driven by a deterioration in the external sector, which offset an improvement in domestic demand. Private consumption accelerated from a 1.0% annual expansion in the fourth quarter to a 1.5% increase in the first, while gross investment


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