India, July 31 -- Taiwan's economy expanded at an accelerated pace in the second quarter, according to advance estimates by the Directorate General of Budget, Accounting, and Statistics, or DGBAS, revealed on Thursday.
Gross domestic product, or GDP, advanced 7.96 percent year-on-year in the June quarter, faster than the 5.48 percent increase in the March quarter. The expected growth rate was 5.70 percent.
On the expenditure side, private final consumption grew by 0.56 percent over the year, and government final consumption rose by 2.85 percent.
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1568189509843-0'); });
Gross capital formation in the domestic economy increased by 5.56 percent amid more investments in machinery ...