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Taiwan’s Q1 GDP Far Better than Expected at 13.69%
AI demand lifted exports and investment, while private consumption grew 4.89%, the budget agency said.
Summary by Taipei Times
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Taiwan's Q1 GDP growth hits 13.69%, highest in 39 years
Taiwan's economy expanded 13.69 percent in the first quarter of this year, the fastest since 1987, fueled by soaring demand for AI-related exports, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said Thursday.
·Taiwan
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The Directorate-General of Budget, Accounting and Statistics of the Executive Yuan announced on April 30 that the estimated economic growth rate for the first quarter of this year was 13.69%, a significant upward revision of 2.23 percentage points from the February forecast, marking a new high for a single quarter in nearly 39 years. This was mainly due to strong exports driven by demand related to artificial intelligence (AI), coupled with bett…
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Total News Sources7
Leaning Left3Leaning Right1Center0Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
R 25%
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