Cathay Financial’s previous projections were 1.7 percent for this year and 2.9 percent for next year. Despite the expected improvement, Cathay Financial — the nation’s largest financial institution by market value — agreed with international research bodies that the global economy needs more time to recover to pre-pandemic levels, citing economic reports for this and next year. National Central University professor of economics Hsu Chih-chiang, who heads a research team commissioned by Cathay Financial Holding Co, speaks to reporters in Taipei yesterday. Photo: Allen Wu, Taipei Times“That view accounted for our relatively conservative forecast,” said National Central University professor of economics Hsu Chih-chiang (徐之強), who heads a research team commissioned by Cathay Financial. The situation is favorable for global trade flows, allowing exports and imports next year to expand 4.33 percent and 4.4 percent respectively, Hsu said.
