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Cathay Financial ups 2026 GDP growth forecast for Taiwan to 5.8%

Cathay Financial Holding Co. has raised its forecast for Taiwan's gross domestic product growth in 2026 to 5.8 percent, citing the AI boom, but it cautioned that the economy could be hit by inflationary pressures due to higher crude oil prices. In its latest economic climate report released Monday, Cathay Financial, the largest financial holding firm in Taiwan in terms of total assets, said Taiwan's GDP is likely to grow 5.8 percent in 2026, up from its previous estimate of 3 percent made in December. [...]