DBS Group Research economist Ma Tieying notes Taiwan’s 2Q GDP growth slowed to 12.9% year-on-year from 14.5% in 1Q, but remained solid on a quarterly basis. GDP, rates and market pressures"According to the preliminary estimate, GDP growth slowed to 12.9% yoy in 2Q, from the 1Q peak of 14.5%. "As a result, net exports contributed 5.8ppt to headline GDP growth, while domestic demand contributed 7.1ppt. "We see some upside risks to our 2026 and 2027 GDP growth forecasts of 9.4% and 4.5%, respectively, although we are maintaining them for now. We continue to expect a 12.5bp rate hike in 4Q, bringing the policy discount rate to 2.125%."