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TAIPEI -- Taiwan"s GDP grew 2.28 percent year-on-year in the third quarter, missing a previous forecast, according to the island"s statistics agency Wednesday.
The quarterly growth fell short of a forecast of 2.36 percent in August, mainly because of lower-than-expected growth in private consumption, the agency said.
After seasonal adjustments, Q3 growth was 1.92 percent.
Private consumption in the July-September period expanded by 1.9 percent year on year, slower than the 2.31-percent increase forecast in August, the agency said, citing falling demand for new cars, motorcycles and overseas trips, as well as eased turnover on the local stock market.
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