India, Feb. 26 -- Taiwan's economic growth moderated less than initially estimated in the final quarter of 2024, according to advance estimates by the Directorate General of Budget, Accounting, and Statistics, or DGBAS, revealed on Wednesday.
Gross domestic product, or GDP, advanced 2.90 percent year-on-year in the fourth quarter, slower than the 4.21 percent increase in the September quarter. In the flash report, the rate of growth was 1.84 percent.
Further, this was the weakest growth since the third quarter of 2023, when GDP had risen 1.55 percent.
On the expenditure side, private final consumption grew by 2.49 percent over the year, mainly driven by expenditures such as domestic shopping and services, outbound tourism, and higher sec...