TAIPEI (TVBS News) — A survey released by Cathay Financial Holdings on Wednesday (Dec. 20) found a surge in optimism among Taiwanese regarding year-end bonuses and economic prospects.
About 59.3% of respondents expect their year-end bonus to range from one to three months' worth of salary, topping the 55% who had similar expectations in 2022.
Additionally, 8.3% anticipate bonuses exceeding three months' pay, an increase from last year's 6.9%. The findings mirror improving attitudes towards Taiwan's economic climate.
The Directorate-General of Budget, Accounting and Statistics (DGBAS) has forecasted Taiwan's economy to grow by 3.35% in 2024 with an inflation rate of 1.64%. However, the public seems cautious, with an average growth expectation of 2.52% and a predicted inflation rate of 2.21%, suggesting concerns about higher inflation.
Furthermore, 45.9% of Taiwanese expect salary increases, up by 13.2 percentage points from 2022. Conversely, those expecting a steady monthly income dropped by 10.9 percentage points to 47.6%. Only 32.4% believe their year-end bonus will be less than one month's salary, a decrease of 5.6 percentage points from the previous year's survey.
