Asia
ECONOMY | Staff Reporter, Taiwan
view(s)

Taiwan GDP grows 2.1% in Q2

But exports posted the slowest growth in three quarters.

Taiwan posted a 2.1% YoY GDP growth, slower than Q1's 2.6%.

On a quarter-to-quarter basis, the GDP growth fell to 0.6% to 3.8%.

In a report by DBS Equity Research, exports of goods and services grew 5% in Q2, but it was the slowest in three quarters.

The country's gross capital formation also increased by a marginal 0.1%, whilst private consumption stood still at 2%.

Imports grew slower than exports at 4.3%. Net exports were able to contribute 0.9 ppt to GDP growth for the quarter.

“There is no change in our view that the economy will regain momentum in 2H17. Among the leading indicators, export orders returned to double-digit growth in June. Consumer confidence has also risen from the bottom, reaching a four-month high of 78.2 in July,” said DBS analysts.
 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.