From Nasdaq:

Taiwan’s GDP likely grew faster in Q4, expected to have expanded by 4.35% compared to the previous year. Growth attributed to strong domestic consumption and rebounding exports. Economists expect a wide range of 1.5% to 6.5% expansion. China’s Q4 growth was at 5.2%, slightly below forecast. Taiwan is a key hub in the global technology supply chain.

Taiwan’s Q4 GDP growth is highest in 14 years, mainly due to private consumption and trade surplus. Experts predict strong recovery in 2023, estimating 3.5% growth. Taiwan’s GDP has outperformed other Asian countries. Taiwan’s largest export market, China, grew by 5.2% in Q4. Taiwan is a key hub for global technology supply chain.

Taiwan’s preliminary Q4 GDP reading will be released soon with minimal commentary. Downward trend in 2023 GDP growth, slows to 1.42%. China’s Q4 growth slightly below forecast at 5.2%. Will revise GDP figures with more details and forward-looking forecasts in a few weeks. Taiwan is a key hub in the global technology supply chain.



Read more: POLL-Taiwan Q4 economic growth seen picking up on domestic demand, export rebound