STIMULUS RESPONSE: The NDC minister said that the US-China trade dispute was unfavorable for exports, but added that government subsidies would offset declines
Date: Jan 29, 2019
By: Crystal Hsu / Staff reporter
The government’s business-climate monitor last month flashed “blue,” the first recession
alert since April 2016, as a slowdown in exports and industrial output spread to sales at trade and food service operators, the National Development Council (NDC) said yesterday.
“The US and China have not found solutions to their trade differences, which is unfavorable for exports,” NDC Minister Chen Mei-ling (陳美伶) said.
The government is seeking to shore up private investment and consumer spending while the trade dispute evolves, Chen said.
The council uses a five-color system to describe the state of the economy, with “green” indicating steady growth, “red” suggesting overheating and “blue” signaling a recession. Dual-color signs indicate a transition. [FULL STORY]