‘GREEN’ LIGHT?Expansionary fiscal measures, increased investment by public and private firms, and rising external demand should support the economy, the NDC said

Taipei Times
Date: Aug 27, 2016
By: Kuo Chia-erh / Staff reporter

The government’s business monitoring system last month turned “green” for the first time in 17 months, reflecting a gradual improvement in the economy, the National Development Council (NDC) said yesterday.

The overall composite score of business monitoring indicators — which takes the leading and coincident indicators into account — rose by 3 points from the previous month to 23 last month, according to the council’s monthly report.

The “green” signal could be attributed to the growth in the TAIEX’s average closing price, machinery and electrical equipment imports, and trade and food services revenue, council Deputy Director Chiu Chiu-ying (邱秋瑩) told a news conference.

The council uses a five-color spectrum to categorize the nation’s economic health, with “blue” signaling a recession, “green” steady growth and “red” overheating, while “yellow-blue” indicates a transition between recession and growth, and “yellow-red” a transition between growth and overheating.     [FULL  STORY]