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Taiwan's GDP Growth Eases In Q3

Taiwan's economic growth eased more-than-expected in the third quarter, data from the Directorate General of Budget, Accounting & Statistics showed Wednesday.

Gross domestic product expanded 2.28 percent year-on-year in the third quarter, slower than the 3.3 percent increase seen in the second quarter. The economy was forecast to grow 2.5 percent.

Real GDP climbed 1.92 percent on a quarter-on-quarter seasonally-adjusted annualized basis versus 1.62 percent in the preceding period.

The expenditure-side of GDP showed that private consumption rose 1.9 percent annually, while government spending decreased 1.39 percent. At the same time, investment showed a significant growth of 17.46 percent.

Exports of goods and services moved up 1.42 percent and imports gained 5.23 percent in the third quarter.

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