Following her well-received sharing in January 2015, AmCham Taipei is honored to invite Sophia Cheng, Chief Investment Officer of Cathay Financial Holdings, to once again speak to our members this January 29 on the Taiwan economic outlook for 2016.
In a preview of her talk, Sophia notes that world GDP growth will continue to be moderate and unbalanced. The US economy has recovered and Europe continues to gradually improve, but the global economy will experience headwinds from China’s slowdown that have unexpectedly worsened despite improvements in developed economies. Geopolitical risk and liquidity pressure intensified in the past year and may continue in 1H16. Close interconnectivity among financial markets has increased challenges for institutional investors and we see key risks in the pace of the Fed’s tightening cycle, uncertainties regarding falling oil prices, and China/EM’s growth.
Taiwan is highly exposed to the global economy and we forecast Taiwan’s GDP growth in 2016 at 2.10%, reflecting the gradual improvement in world economic growth. Taiwan’s economy also faces uncertainty in government policies following the presidential election.
In her speech, Sophia will discuss the global macroeconomic outlook and key issues affecting the world economy and financial markets.