Second-half growth is expected to be in a range of 3 to 4 per cent. With growth at the end of last year and early this year being stronger than we had earlier assumed, the economy is operating at a higher level than anticipated. Indeed, this strength led us to sharply raise our forecast for average annual growth this year.
They are not limited to startups but include large firms with core businesses in telecommunications, media, transport, and electronic commerce and internet business firms who are managing touchpoints with a large-scale customer base. Conversely, there are also financial institutions that actively adopt services of fintech providers.