Taiwan Economy:3Q14 GDP growth likely the peak

3Q14 GDP growth rose on aYoY basis but eased on aSAQoQ basis

    GDP growth likely peaked in3Q14 as export drivers look setto lose steam in 4Q14

    We reiterate our GDP forecastsof 3.3% YoY for 2014-15, butare aware of the downsiderisks for 2015