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The Taiwan economy showed broad improvement in late 2012 after tepid growth during the first three quarters of 2012. GDP growth rose to 3.7% in the fourth quarter of 2012, pushing annual growth to 1.3%. Revived growth has been led by a rebound in activity in China and improving exports, a main economic driver. Total exports expanded by 2.4% year-on-year in the first quarter of 2013 following a contraction of 2.3% in 2012. Inflation did pick up in February, likely attributable to seasonal factors, but is expected to remain tame this year as domestic consumption remains relatively modest.
Source : Cushman & Wakefield
