TW GDP 2008

16:37 20Nov2008 RTRS-TAIWAN Q3 GDP -1.02 PCT Y/Y -- STATS AGENCY SOURCE; REUTERS POLL FORECAST +1.0 PCT Y/Y
16:38 20Nov2008 RTRS-TAIWAN SEES 2008 GDP +1.78 PCT Y/Y -- STATS AGENCY SOURCE; PREVIOUS FORECAST +4.30 PCT Y/Y
16:38 20Nov2008 RTRS-TAIWAN SEES 2009 GDP +2.12 PCT Y/Y -- STATS AGENCY SOURCE; PREVIOUS FORECAST +5.08 PCT Y/Y
16:46 20Nov2008 RTRS-Taiwan's GDP contracts 1.02 percent in Q3 -sources

TAIPEI, Nov 20 (Reuters) - Taiwan's economy contracted by 1.02 percent in the third quarter from a year earlier, missing expectations and posting the first contraction since 2003, statistics agency sources said on Thursday.
The third-quarter contraction compared with a median forecast for 1.0 percent growth in a Reuters poll.
The statistics agency now forecasts that 2008 GDP will grow at 1.78 percent, compared with a previous forecast for 4.30 percent growth, the sources said.
It forecast that 2009 GDP would grow at 2.12 percent, versus a previous forecast for 5.08 percent growth.
(Reporting by Lee Chyen Yee and Jeanny Kao; Editing by Ken Wills)
((chyenyee.lee@thomsonreuters.com; +886 2 2508-0815; Reuters Messaging: chyenyee.lee.reuters.com@reuters.net)) Keywords: TAIWAN ECONOMY/GDP

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Thursday, 20 November 2008 16:37:32RTRS [nTPU000875] {EN}ENDS