Focus Taiwann
Date: 2018/06/23
By: Tien Yu-pin and Frances Huang

Taipei, June 23 (CNA) Cathay Financial Holding Co. has left its forecast for Taiwan’s 2018 gross domestic product (GDP) growth unchanged at 2.3 percent, expressing caution due to growing trade tensions between the United States and China.

However, the Taiwan company said it was maintaining its 2.3 percent growth forecast as the domestic economy was still on a path to stable recovery.

In March, Cathay Financial raised its estimate for Taiwan’s 2018 GDP growth by 0.3 percentage points to 2.3 percent, citing strong global demand, but its forecast was below that of the government’s.

In late May, the Directorate General of Budget, Accounting and Statistics (DGBAS) upgraded its growth forecast for Taiwan’s 2018 GDP by 0.18 percentage points to 2.60 percent.    [FULL  STORY]