Local economy shows signs of sluggishness in September

Focus Taiwan
Date: 2018/10/26
By: Pan Tzu-yu and Frances Huang

Taipei, Oct. 26 (CNA) Taiwan’s economy showed signs of sluggish growth in September

CNA file photo

as a growing trade war between the United States and China undermined confidence in the business sector, the National Development Council (NDC) said Friday.

The National Development Council’s (NDC) composite index of monitoring indicators fell to 22 points for September, flashing a “yellow-blue” light, down from 24 points in August, when it flashed a “green” light.

The NDC uses a five-color system to gauge the country’s economic performance, with blue indicating economic recession, yellow-blue representing economic sluggishness, green denoting stable growth, yellow-red referring to a warming economy, and red pointing to economic overheating.

Wu Ming-hui (吳明蕙), head of the NDC’s Department of Economic Development, said unfavorable external factors such as the Washington-Beijing dispute have turned the private sector more cautious toward Taiwan’s economic outlook and undermined confidence.    [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.