Economic monitoring indicators flashed a green light for the sixth consecutive month in December.
Taiwan News
Date: 2017/01/26 20:09
By: Wendy Lee, Taiwan News, Staff Writer
TAIPEI (Taiwan News) – Taiwan’s economy continues to see stable growth, as economic
Taiwan’s economy continues to see stable growth. (By Central News Agency)
monitoring indicators flashed a green light for the sixth consecutive month in December, according to the National Development Council’s (NDC) latest report.
The NDC employs a five-color system to gauge the country’s economic performance, with blue indicating recession, yellow-blue sluggishness, green stable growth, and yellow-red a growing economy.
The NDC released the report on Thursday, showing the overall score of the composite monitoring indicator in December increased by 2 points from 26 to 28 from the previous month, indicating a steady recovery for the nation’s economy.
Meanwhile, Taiwan’s GDP grew 2.58 percent in the fourth quarter of 2016 from the same period the previous year, a better-than-expected figure released by the Directorate General of Budget, Accounting and Statistics (DGBAS) on Wednesday. [FULL STORY]
