The China Post
Date: July 28, 2016
By: John Liu
TAIPEI, Taiwan — The National Development Council (NDC, 國發會) said its economic
Economic monitoring indicator change over the past year is shown in the graph released by the National Development Council on Wednesday, July 27. The NDC indicator flashed the transitional “yellow-blue” signal in June. (John Liu, The China Post)
monitoring indicator flashed the “yellow-blue” signal in June for the third month in a row, indicating that the economy was on track for a “slow recovery.”
The indicator had previously flashed a “blue” signal, indicating “sluggish” growth, for 10 straight months.
The NDC said the recovery in June may be interpreted as a positive sign though analysts were reserved regarding the pace of the recovery.
“Although both the leading and concurrent indicators are trending upward, the margin of movement is not substantial,” said Wu Ming-huei (吳明蕙), director of the Economic Development Department at the NDC.
Though indicators have swung upward for four consecutive months, cumulative growth stayed below 2 percent. “We need to further observe to be sure of this trend,” Wu said. [FULL STORY]
