Bloomberg News

TAIWAN DAYBOOK: Economy Grows Least in Two Years; Bond Auction

October 31, 2011

Nov. 1 (Bloomberg) -- Taiwan’s economy grew at the slowest pace in two years last quarter, prompting the government to cut its growth and inflation forecasts.

Gross domestic product climbed 3.37 percent in the three months through September from a year earlier, after rising 5.02 percent in the second quarter, the statistics bureau said in a preliminary estimate released in Taipei yesterday.

--Janet Ong. Editor: Josh Fellman

To contact Bloomberg News staff for this story: Janet Ong in Taipei at jong3@bloomberg.net

To contact the editor responsible for this story: Joshua Fellman at jfellman@bloomberg.net


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