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Taiwan revises down 2022 GDP growth forecast to 3.76%

Taiwan’s economy is expected to expand 3.76% in 2022, the Directorate General of Budget, Accounting and Statistics said on Friday, downgrading its outlook from a previous estimate of 3.91% growth.

Gross domestic product (GDP) rose by a revised 3.05% in the second quarter of 2022 from a year earlier, slightly down from a preliminary reading of 3.08%, the agency said.

For 2023, it said it saw GDP growing 3.05%.
Source: Reuters (Reporting by Roger Tung and Jeanny Kao; Writing by Ben Blanchard; Editing by Mark Heinrich)

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