off-the-wire

Taiwan Q1 preliminary GDP -3.02% y/y, slips into recession

Kitco Media
By Reuters
Published:
Updated:
Reuters
TAIPEI, April 28 (Reuters) - Taiwan's economy slipped into recession in the first quarter, with gross domestic product falling a preliminary 3.02% year on year, the statistics agency said on Friday.


The result was worse than the 1.25% year-on-year contraction forecast by economists in a Reuters poll.


Q1 2023 Reuters poll Q4 2022 Q3 2022 GDP (y/y) -3.02 -1.25 -0.41 +4.01 GDP (SAAR,q/q) -6.37 -1.46 +7.51 The figures will be revised in about two to three weeks. A full table can be found at (Reporting by Jeanny Kao and Faith Hung; Editing by Andrew Heavens)

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