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Taiwan’s financial sector optimistic on revenue growth


Taiwan’s financial institutes are optimistic, with 50% expecting revenue growth compared to 33% in other sectors, according to PricewaterhouseCoopers (PwC) Taiwan. Emerging from two years of monetary tightening, they now focus on AI and sustainability. Improved sentiment follows the end of steep interest rate hikes and reduced inflation and geopolitical tensions. However, only 38% of financial firms plan to expand payrolls, below the 43% average. Economic uncertainty and inflation are of concern to 56% of firms; while 50% worry about health threats and geopolitical tensions. Digital transformation and social responsibility are crucial, driven by economic declines from COVID-19 and significant monetary policy measures. Over 80% see generative AI as essential for skill development and industry competition, despite information risks.

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