Taiwan's Q2 GDP growth likely slows to 4.8% due to robust AI tech exports, down from 6.56% in Q1.

Taiwan's Q2 economic growth likely slowed due to robust exports driven by high demand for AI tech, according to a Reuters poll. GDP growth is expected to decrease from 6.56% in Q1 to 4.8% in Q2, while exports rose 9.9% YoY, a slower pace compared to Q1's 12.9% growth. The AI boom, tech exports, and construction contribute to growth, despite soft domestic consumption.

July 29, 2024
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