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Bloomberg
Taiwan’s economy grew at the fastest pace since the second quarter of last year as domestic investment and better-than-expected overseas demand helped avoid the worst of the US-China trade war.
Gross domestic product expanded 2.91% in the third quarter, according to a statement from the island’s statistics bureau.
That was the fastest rate of expansion since the three months through June last year, and higher than the 2.45% median estimate of 20 economists surveyed by Bloomberg.
The government raised its full-year GDP estimate to 2.53% from 2.46% it forecast in August. The statistics bureau sees the economy expanding 2.9% in 4Q.
The drivers for growth were domestic production and better-than-expected external demand, along with investment.