Taiwan's economy expanded in the second quarter after remaining in contraction for the previous three quarters, boosted by a surge in private consumption, a preliminary estimate by the Directorate General of Budget, Accounting, and Statistics revealed on Friday.Gross domestic product advanced 1.45 percent year-over-year in the second quarter, reversing a 2.87 percent fall in the previous quarter.O...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.