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]