Published:
Taiwan economic growth to surge to 3.5% in 2013
After 4Q GDP jumped surprisingly.
According to BBVA, Taiwan’s preliminary Q4 GDP came in higher than expected, at 3.4% y/y (BBVA: 3.1%, consensus: 3.0%) from 1.0% y/y in Q3.
The positive outturn brings full-year 2012 growth to 1.3%. On a sequential basis, the economy expanded by 1.5% q/q sa, up from 0.8% q/q sa in Q3.
The data suggests that, along with China, the economy is on a mild recovery path driven by improved export demand along with better private consumption.
"We expect Taiwan’s economic growth to accelerate to 3.5% in 2013, amid a gradual recovery in the external environment and closer ties with mainland China," BBVA said.
Read Here
Advertise
Sign Up
