, Taiwan economy slows in Q1 on weak exports
Taiwan did not surprise when it released its data on the economy, showing that GDP slowed in the first quarter on a year-on-year basis. But it did surprise when it came to the pace of growth which turned out to be slower than analysts’ estimates. Certainly, Taiwan’s economic growth for the first quarter suffered from the adverse international conditions, including worse-than-expected results noted in China and the United States, and the debt crisis in the European Union, which happen to be its main trading partners. Therefore, the slowdown in the Taiwan’s economy was largely driven by weak exports.
