Preliminary Q2 GDP seen at 4.8 yy prior qtr 6.56
Data due Wednesday, July 31, after 4 p.m. 0800 GMT

TAIPEI, July 29 Reuters Economic growth in tradedependent Taiwan probably slowed in the second quarter in spite of robust exports driven by high demand for AI technology, a Reuters poll showed on Monday.

Gross domestic product GDP in AprilJune was expected to have expanded 4.8 from a year earlier, down from 6.56 in the first quarter, according to the median forecast of a poll of 25 economists.

The first quarter39;s performance the fastest quarterly pace since the second quarter of 2021 was propped up by exports and construction but domestic consumption remained soft.

The poll forecasts for preliminary GDP data, due on Wednesday, ranged from an expansion of 2.5 to as much as 6.8.

Strong shipments from the technology sector will likely help Taiwan, a bellwether of global technology demand as it is a hub in the global technology supply chain for such companies as Apple and Nvidia.

Secondquarter exports rose 9.9 yearonyear, slower than the firstquarter39;s annual expansion of 12.9, as Taiwan39;s techheavy exporters such as chipmakers rode a wave of AI demand. The island is home to the world39;s largest contract chipmaker Taiwan Semiconductor Manufacturing Co.

Exports in Q2 were pretty solid, with stronger momentum from AIrelated products, said analyst Kevin Wang of Taishin Securities Investment Advisory. With respect to business investments, major companies were…