The nation’s gross domestic product (GDP) increased by 4.3% on-year, as reported by the statistics bureau on Friday. This growth aligns with the median estimate put forth by a Bloomberg survey of economists.
The GDP for the fourth quarter of 2024 was recorded at 1.84%, falling slightly short of the estimated 2.0%. This marks the third consecutive quarter where the economic expansion has seen a slowdown, highlighting the challenges Taiwan faces in sustaining rapid growth.
Looking ahead, the statistics bureau has revised its growth prediction for the economy in 2025. The new forecast suggests a growth of 3.29%, a slight increase from the previously predicted 3.26%.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
To read the full article, Click Here