Market Chatter: Cathay Financial Raises Taiwan 2026 Growth Forecast to 10.1%
Cathay Financial Holding (TPE:2882) has raised its forecast for Taiwan's 2026 economic growth to 10.1% from its previous estimate of 5.8% issued in March, Taipei Times reported Thursday.The upgraded forecast reportedly reflects a stronger-than-expected surge in exports and investment.Cathay Financial also sees a 3.8% increase in consumer spending this year, above the government's estimate of 3.6%, the report said, citing Cathay Financial's economic research department Assistant Manager Achilles Chen.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)