Taiwan Q3 GDP growth slower than expectedStaff Writer | November 1, 2018
Taiwan's GDP grew 2.28 percent year-on-year in the third quarter, missing a previous forecast, according to the island's statistics agency Wednesday.
Asia After seasonal adjustments, Q3 growth was 1.92 percent
After seasonal adjustments, Q3 growth was 1.92 percent.
Private consumption in the July-September period expanded by 1.9 percent year on year, slower than the 2.31-percent increase forecast in August, the agency said, citing falling demand for new cars, motorcycles and overseas trips, as well as eased turnover on the local stock market.
Taiwan's GDP growth in the first and second quarter this year was 3.1 percent and 3.3 percent, respectively. ■