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Home > News > Realtime News
Home > News > Realtime News
Confidence in local economy weakens on geopolitical concerns
Posted on 2026-07-20 18:18:16
New data show that confidence in Taiwan's economy weakened in July amid
lingering concerns over tensions in the Middle East.

It's from a survey by Cathay Financial Holding which found that consumers
have become less optimistic about both current economic conditions and the
outlook for the next six months.

It also showed that people are becoming more cautious about spending, with
willingness to purchase big-ticket and durable goods both declining from
June.

Despite the weaker sentiment, respondents still expect Taiwan's economy to
grow by an average of 9 percent this year.

Consumers also expect inflation to remain elevated, forecasting average
consumer price growth of 2.3 percent, with more than two-thirds expecting
inflation to exceed the central bank's 2 percent warning level.

(CNA_IG)

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