Taiwan's economy slows in fourth quarter 2014

Taiwan's economic growth slowed in the three months to December in 2014 due to lower-than-expected overseas demand for goods and weaker domestic spending, government estimates showed on Friday. The Taiwanese economy grew 3.17 percent in the fourth quarter year-on-year, lower than the previous three quarters but better than a forecast of 2.83 percent made in November, said the Directorate General of Budget, Accounting and Statistics. This was despite a string of new smartphones boosting reta