The Directorate-General of Budget, Accounting and Statistics (DGBAS) reported on Monday that Taiwan’s GDP expanded by 9.22 percent in the fourth quarter of last year from a year ago. This was higher than the previous forecast of 6.89 percent issued in November and much stronger than the market had estimated.
On a seasonally adjusted, annualized quarter-on-quarter basis, the momentum of GDP growth was strong, too, as the figure surged by 18.02 percent in the fourth quarter, following a revised growth rate of 10.18 percent in the third quarter and 18.10 percent in the second quarter.