A decline in global export demand has seen Taiwan's GDP growth slow to 2.2% in Q3 this year, from 3.3% for Q2, according to a Reuters poll of 15 economist. The median forecast in a Reuters poll of 15 economists was for third-quarter gross domestic product to expand 2.2 percent from a year earlier. The ongoing trade war between the US and China has been cited as the main reason for the slowdown, with falling demand for machinery, partly cancelling out rises in pre-holiday electric gadget orders. In Taiwan, however, there is no shortage of reasons why consumers are still buying more than they did last year.
A decline in global export demand has seen Taiwan's GDP growth slow to 2.2% in Q3 this year, from 3.3% for Q2, according to a Reuters poll of 15 economist. The ongoing trade war between the US and China has been cited as the main reason for the slowdown, with falling demand for machinery, partly cancelling out rises in pre-holiday electric gadget orders. In Taiwan, however, there is no shortage of reasons why consumers are still buying more than they did last year.