Cathay revises upward its GDP forecast to 5.8 percentBy Chen Cheng-hui / Staff reporterCathay Financial Holding Co (國泰金控) yesterday adjusted upward its forecast for the nation’s GDP growth this year from 3 percent to 5.8 percent, citing robust growth momentum seen so far this year, driven by artificial intelligence (AI)-related exports and investment demand. Hsu heads a research team commissioned by Cathay Financial. The team’s previous forecast was an 80 percent probability that the economy would expand between 1.5 percent and 4.5 percent in the year. Photo: CNAThe Directorate-General of Budget, Accounting and Statistics last month raised its GDP growth forecast to 7.71 percent for this year, from its November estimate of 3.54 percent. That forecast was made before the Middle East war started with US and Israeli attacks on Iran about two weeks ago.

Source: Taipei Times March 16, 2026 16:38 UTC