Taiwan’s economy continues stable growth in January

Focus Taiwan
Date: 2017/03/03
By: Chen Cheng-wei and Y.F. Low

Taipei, March 3 (CNA) Taiwan’s economy flashed a green light in January, signaling stable growth for the seventh consecutive month, the National Development Council (NDC) said Friday.

The composite monitoring indicator for January rose 1 point from a month earlier to 29, the highest since August 2014, the council said.

The NDC uses a five-color system to gauge the country’s economic situation, with blue indicating economic recession, yellow-blue representing economic sluggishness, green denoting stable growth, yellow-red referring to a warming economy, and red pointing to economic overheating. A green light flashes when the indicator is between 23 and 31 points.

Of the nine components of the index, three increased and three decreased in January, with the other three remaining unchanged, the NDC said.    [FULL  STORY]

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