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TAIPEI, Oct. 31 (Xinhua) -- Taiwan saw its GDP grow roughly 3.1 percent in Q3 after expanding 2.7 percent and 2.1 percent in the first two quarters, the local statistics agency said Tuesday.
Strong eternal demand contributed 3.7 percentage points to the expansion, while internal demand dragged GDP growth down by 0.6 percentage point due to weak investment.
The wholesale and retail sector grew 4.4 percent in Q3 thanks to growing export orders while the manufacturing sector remained the key driver of economic expansion by contributing 1.4 percentage points to Q3 GDP growth.
The agency expects local economy to grow 1.8 percent in the fourth quarter and about 2 percent for the whole year.
