Taiwan’s economy flashes 4th straight yellow-blue light: NDC

Focus Taiwan
Date: 2019/05/27
By: Pan Tzu-yu and William Yen 

Taipei, May 27 (CNA) Taiwan’s economy flashed a yellow-blue light for the fourth consecutive month in April, signaling sluggish growth, the National Development Council (NDC) said Monday.

The NDC said in a statement that the composite index of monitoring indicators for April rose by 1 point from the previous month to 21, which was still two points shy of the level needed to flash a green light, which would suggest stable growth.

The yellow-blue signal, which represents a range between 17 and 22, has flashed for four consecutive months since January, the NDC said.

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.    [FULL  STORY]

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