Cathay Financial Holding Co raised its GDP growth forecast for Taiwan this year from 3.6% to 3.7%, citing stronger-than-expected exports, but warned of slowing consumer spending and private investment. Imports of capital equipment dropped 0.4% in the first eight months, while global economic data showed weakness, according to a research panel led by National Central University academic Hsu Chih-chiang. Business confidence softened in major economies, with the global manufacturing PMI remaining in contraction at 48.9. Hsu noted uncertainty ahead, including the impact of the upcoming US presidential election. Despite challenges, the central bank is expected to keep interest rates unchanged at its next meeting, while imposing real-estate loan restrictions to control risks.