Taiwan has sharply raised its economic growth forecast for 2025 to 7.37 per cent, the fastest rate in 15 years, as roaring demand for artificial intelligence continues to boost its electronics exports.
Real GDP increased 8.21 per cent in the third quarter compared with the same period last year, driven by a 32 per cent jump in exports mainly due to demand for AI and consumer electronics, the cabinet’s statistics agency said on Friday.
The economy’s expansion in the three months to September 30 was 0.6 percentage points higher than forecast a month ago.
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