Growth rate of Taiwan's GDP in the first quarter slowed to 3.04%

The economy of Taiwan in the first quarter of 2018 increased by 3.04% compared to the previous quarter, when GDP growth was 3.28%, according to the national statistical office of the country. Experts had expected growth in the first quarter by 3.1%. They note the good economic situation in Taiwan, since in the fourth quarter the recovery was the maximum in three years. Exports in the previous quarter increased by 6.03%, imports - by 5.61%. The growth in consumer spending was 3.02% compared to the rise of 2.89% a quarter earlier. Public spending increased by 6.27% after a decline of 1.27% in the fourth quarter.

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