Taiwan reported a big bounce in gross domestic product for the third quarter yesterday. But figures from Singapore and the Philippines indicated possible weakness, underscoring the uncertain prospects of Asia's mid-sized economies.
Taipei said its economy, powered by exports, expanded by 8.3 per cent between July and September on a quarter-on-quarter, seasonally adjusted, annualised basis. The rise was below the rate of the previous quarter but well above market estimates.
In year-on-year terms, the island's economy contracted 1.3 per cent, about half the consensus forecast.
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