GDP posts fastest rise in nearly 40 years to 12.92%

PROMISING PROSPECTS: Full-year economic growth could surpass 10 percent if the current momentum persists, buoyed by exports and domestic demand, the DGBAS said By Crystal Hsu / Staff reporter Add TT as Preferred Source Taiwan’s economy expanded at the fastest pace in nearly four decades in the second quarter, propelled by a surge in artificial intelligence (AI)-related demand that lifted exports, business investment and domestic activity, underscoring the nation’s growing role in the global technology supply chain.GDP rose 12.92 percent in the April-to-June period from a year earlier, the strongest quarterly expansion since 1988, data released by the Directorate-General of Budget, Accounting and Statistics yesterday showed. The economy has now recorded double-digit percentage growth for th