TAIPEI (TVBS News) — A recent survey conducted by Cathay Financial Holding indicates that 59.3% of respondents expect their year-end bonuses for 2023 to amount to one to three months' worth of salary.
The national economic confidence survey also reveals that 45.9% of those surveyed anticipate a salary increase in 2024, with 9.2% expecting a raise exceeding 3%.
In contrast, only 8.3% anticipate year-end bonuses exceeding three months' salary, a notable increase from the 32.4% predicting bonuses below one month, which has decreased by 5.6 percentage points from the previous year.
Regarding regular monthly earnings in 2024, 47.6% of participants project stability, down by 10.9 percentage points from the previous year.
The survey reports an average expected economic growth rate of 2.52% for Taiwan in 2024, with 70% of respondents predicting a growth rate above 2%. Anticipated inflation in 2024 among respondents is 2.21%, with 55% believing it will remain above 2%.
These figures contrast with the Directorate-General of Budget, Accounting, and Statistics projections, which forecast a 3.35% growth rate and a 1.64% inflation rate for Taiwan in 2024.
In December, the optimism index for Taiwan's stock market rose from -0.4 to 16.1, and the risk appetite index increased from 10.3 to 13.9, indicating market expectations of potential rate cuts by major central banks next year.
The survey, conducted from Dec. 1 to 7, collected 13,379 valid questionnaires via email from members of Cathay Life Insurance's official website and customers of Cathay United Bank.