DGBAS Estimates Q1 Economic Growth at 13.69%, Highest in Nearly 39 Years

(Central News Agency reporter Pan Tzu-yu, Taipei, 30th) The fierce growth in AI demand has driven Taiwan's exports and investment, and private consumption also performed better than expected. The Directorate-General of Budget, Accounting and Statistics (DGBAS) announced today that the estimated economic growth rate for the first quarter of this year was 13.69%, an increase of 2.23 percentage points from the forecast in February, and the highest single-quarter level in nearly 39 years since the third quarter of 1987.

DGBAS explained that the continuous strong demand for AI, high-performance computing, and cloud infrastructure, coupled with the mass production of new-generation high-end products, boosted the expansion of related electronic and information and communication product exports. The robust demand for emerging technology applications also helped sustain corporate investment momentum.

In addition, the continued effectiveness of government cash handouts and the wealth effect driven by record-high stock market also led to better-than-expected private consumption performance. (Edited by Pan Yi-ching, Yang Kai-hsiang) 1150430

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