Taiwan bucks east Asia's regional trend

Taiwan's economy is bucking the regional slowdown, growing the fastest pace since early 2018 and in stark contrast to weakness elsewhere in east Asia.

Aerial panorama over Downtown Taipei at night

Beijing regards Taiwan as a renegade province
(Image credit: Getty Images)

Taiwan is bucking the Asian slowdown. The island's economy grew by 2.9% year-on-year in the third quarter, say Chinmei Sung and Samson Ellis on Bloomberg. That is the fastest pace since early 2018 and stands in "stark contrast" to weakness elsewhere in east Asia: South Korea is on course for its "weakest growth since the global financial crisis" and Japan has slowed sharply. Hong Kong fell into recession in the third quarter.

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