INFRASTRUCTURE PROJECTS: There are encouraging signs, but they are not strong enough to lift the monitor to ‘green,’ which suggests a stable economy, an official said

Taipei Times
Date: Aug 28, 2019
By: Crystal Hsu  /  Staff reporter

The nation’s business climate monitor last month again signaled a slowdown as private investments continued to gain momentum, but downside risks linked to a trade dispute between the US and China intensified, the National Development Council said yesterday.

The monitor signaled yellow-blue for the seventh consecutive month with a score of 21, unchanged from June, indicating that the economy remains soft, despite the advent of the high season for technology products, the council said.

“There are encouraging signs, but they are not strong enough to lift the monitor to ‘green,’ which suggests a stable economy,” council research director Wu Ming-huei (吳明蕙) told a media briefing.

The council uses a five-color system to describe the state of the domestic economy, with “green” indicating steady growth, “red” suggesting overheating and “blue” signaling a recession. Dual colors indicate a transition.    [FULL  STORY]