Survey Shows Taiwanese Growing More Confident on Wages, Spending, Stocks
A Cathay Financial Holdings survey shows Taiwanese are increasingly optimistic about wage growth, major purchases and stock market investment. The upbeat mood is being driven by Taiwan's AI-fueled economic expansion, with UBS raising its GDP growth forecast for Taiwan to 9.9%.
Consumer Confidence Soars
REPORTER:
A new survey shows Taiwanese public confidence in the economy is high in several key areas. The survey comes from Cathay Financial Holdings. It shows that Taiwanese are especially optimistic about wage expectations and making large purchases, also investing in the stock market. This upbeat sentiment is driven by the global AI boom, which is fueling strong economic growth in Taiwan. Financial Group UBS has raised its GDP growth forecast for Taiwan to 9.9%, while both UBS and HSBC have recently expressed a positive outlook for the economy this year.
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High Economic Confidence
REPORTER:
A new survey shows Taiwanese public confidence in the economy has hit an all-time high — with people expecting higher pay and more willing than ever to spend and take on investment risk. Cathay Financial Holdings says its latest confidence survey shows concerns have eased as the US and Iran advance towards peace, which it expects to further boost Taiwan's AI-driven growth. HSBC shares that outlook, forecasting Taiwan will remain a key beneficiary of the global AI investment cycle. UBS has raised its Taiwan GDP growth forecast to 9.9 percent, up from 8 percent in April, and says exports growth will power through the energy shock.
