Taiwan’s GDP growth comes in below expectations

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A link from Department of Statistics, Government of Taiwan

Taiwan’s GDP expanded by a modest 1.02% in the the three months to September, significantly below policymakers’ expectations of 2% growth. Taiwan, which is a technology export hub, is often nicknamed the ‘iPad economy’ as it is deeply reliant on Western spending on electronics. The Taiwanese government said in a statement that domestic consumer demand is also sluggish because confidence is weak. The statistics department downgraded its expectations for growth in 2013 from 3.67% to 3.09%.