DIM OUTLOOK:The prevailing pessimism reflected major economic data suggesting that the economy likely contracted last quarter, a Cathay Financial survey showed

Taipei Times
Date: Oct 20, 2015
By: Crystal Hsu  /  Staff reporter

Public confidence in the economy and stock market remained weak this month, a survey by Cathay Financial Holding Co (國泰金控) showed yesterday.

The poll showed that 55.9 percent of respondents expect the economy to deteriorate in the coming six months, while only 14 percent hold an optimistic view and 6.1 percent had no opinion.

The prevailing pessimism reflects major economic data suggesting that the economy likely contracted last quarter, Cathay Financial economic research department assistant manager Achilles Chen (陳欽奇) said.

However, the economy could pick up this quarter, with the advent of the high season for technology products and retail sales at home and in the West.     [FULL  STORY]