TAIPEI -Taiwan’s economy grew much faster than expected in the third quarter and at its fastest pace since the last three months of 2021, boosted by a resumption in domestic demand following the easing of COVID-19 curbs even as exports slowed.
For the July-September period, annual gross domestic product(GDP) grew by 4.1 percent from the same period a year earlier, compared with 3.05 percent for the previous quarter, preliminary data from the statistics agency showed on Friday.
That was well above an increase of 3.2 percent forecast in a Reuters poll, and the fastest pace since logging a 5.32-percent expansion in the fourth quarter of last year.
Compared with the previous quarter…
Keep on reading: Taiwan Q3 GDP grows faster than expected on lifting of COVID curbs