Growth in Taiwan’s export-driven economy beat market expectations in the second quarter as consumer spending picked up, despite concerns about slow expansion in overseas trade.
The economy grew 2.3 per cent between April and June from the same period of last year, the government said on Wednesday. That surpassed the consensus forecast of 2.1 per cent in a Bloomberg survey of economists, and followed first-quarter growth of 1.7 per cent.
The announcement came a week after South Korea also outperformed forecasts by reporting year-on-year growth of 2.3 per cent for the same period.
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