Reply To:
Name - Reply Comment
Last Updated : 2024-04-18 17:22:00
AFP: Taiwan’s economy grew 3.1 percent in the July-September period to a ten-quarter high thanks to robust overseas demand for consumer electronics products, the government said yesterday.
Traditionally an export-driven technology hub, Taiwan is home to industry giants such as Foxconn and Taiwan Semiconductor Manufacturing Company (TSMC) -- key suppliers for Apple’s iPhones.
Third-quarter growth was the highest since 3.99 percent in the 2015 first quarter, boosted by a 17.49 percent increase in exports, of which 14.99 percent was from electronic components, it said.
The island benefitted from global economic recovery and growing peak-season shipments for consumer electronic products in this period, said the Directorate-General of Budget, Accounting and Statistics.
“Export growth was impressive in the third quarter to a record amount and was better than our expectations. Private consumption was also boosted by travelling and new car purchases,” said Yeh Maan-tzwu, an official at the agency..
Due to improving global outlook and strong trade, the agency also raised its fourth quarter forecast to 2.3 percent year-on-year, and 2017 full-year growth to 2.58 percent, the highest since 2014’s 4.02 percent.
It estimated the economy would grow 2.29 percent in 2018 -- despite major government infrastructure projects planned to start next year -- due to a slowing in the upturn in export.
Due to improving global outlook and strong trade, the agency also raised its fourth quarter forecast to 2.3 percent year-on-year, and 2017 full-year growth to 2.58 percent, the highest since 2014’s 4.02 percent.
It estimated the economy would grow 2.29 percent in 2018 -- despite major government infrastructure projects planned to start next year -- due to a slowing in the upturn in export.
Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.
Reply To:
Name - Reply Comment
On March 26, a couple arriving from Thailand was arrested with 88 live animal
According to villagers from Naula-Moragolla out of 105 families 80 can afford
Is the situation in Sri Lanka so grim that locals harbour hope that they coul
A recent post on social media revealed that three purple-faced langurs near t
10 Apr 2024
09 Apr 2024