Taiwan Q3 GDP growth slower than expected


TAIPEI -- 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.
The quarterly growth fell short of a forecast of 2.36 percent in August, mainly because of lower-than-expected growth in private consumption, the agency said.
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.
- China's first 9-valent HPV vaccine priced at just $70
- New program seeks to eliminate fraudulent recruitment agencies
- Global students explore Chinese folk traditions in Tianjin
- St. Petersburg official: SCO nations achieve fruitful outcomes through cultural exchanges
- Nishan Forum in Shandong explores civilization's future
- China's first bachelor's program in AI education to address teacher shortage