By: Pan Tzu-yu and Evelyn Kao
Taipei, March 27 (CNA) Taiwan’s economy showed signs of weakening in February as an
index gauging local economic fundamentals continued flashing a yellow-blue light indicating sluggish growth, the National Development Council (NCD) said Wednesday.
The composite index of monitoring indicators for February dropped three points from a month earlier to 17 and remained flashing the yellow-blue light due mainly to fewer work days in the month.
The NDC employs a five-color system to rate Taiwan’s economic performance according to nine indicators.
A blue light (9-16 points) indicates a contracting economy, yellow-blue (17-22) represents sluggishness, green (23-31) signals stable growth, yellow-red (32-37) refers to a warming economy, and red (38-45) points to an overheated economy. [FULL STORY]