{"id":820181,"date":"2026-10-31T22:42:31","date_gmt":"2026-10-31T22:42:31","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/820181\/"},"modified":"2026-10-31T22:42:31","modified_gmt":"2026-10-31T22:42:31","slug":"taiwans-gdp-beats-forecasts-yet-again-in-the-third-quarter","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/820181\/","title":{"rendered":"Taiwan\u2019s GDP beats forecasts yet again in the third quarter"},"content":{"rendered":"<p>Taiwan&#8217;s 3Q26 GDP forecast accelerated to 14.36% YoY, up from 12.93% YoY in 2Q26, beating expectations (market: 12%, ING: 11.4%) once again despite significant forecast upgrades. <\/p>\n<p>The interesting shift in the data is that, despite Taiwan&#8217;s continued record-breaking trade surpluses, once again the bigger contributor to economic growth was domestic demand (9.41ppt) rather than net demand from the rest of the world (4.94ppt).<\/p>\n<p>Within domestic demand, most of this is being driven by gross capital formation, as Taiwanese tech corporates are aggressively expanding capacity amid strong customer demand. Gross capital formation contributed 6.32ppt to growth, up from 4.3ppt in the second quarter. Contributions from private final consumption (2.3ppt) and government final consumption (0.79ppt) were relatively modest by comparison. <\/p>\n<p>In contrast, net exports contributed 4.94ppt to GDP growth in 3Q26, which was the lowest level since 1Q25. While this certainly isn&#8217;t a small number, the base effect from last year&#8217;s surge could start to cut into growth in the quarters ahead. <\/p>\n<p>At risk of sounding like a broken record, we are upgrading our GDP forecasts again for Taiwan. We raise our full-year forecast for 2026 and 2027 to 13.1% YoY and 9.5% YoY, respectively. <\/p>\n","protected":false},"excerpt":{"rendered":"Taiwan&#8217;s 3Q26 GDP forecast accelerated to 14.36% YoY, up from 12.93% YoY in 2Q26, beating expectations (market: 12%,&hellip;\n","protected":false},"author":2,"featured_media":820182,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-820181","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/820181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=820181"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/820181\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/820182"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=820181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=820181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=820181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}