Taiwan’s economy seeing sluggish growth

Focus Taiwan
Date: 2017/05/26
By Chen Cheng-wei and Ko Lin

Taipei, May 26 (CNA) Taiwan’s economy turned sluggish in April, with the overall

(CNA file photo)

monitoring index flashing “yellow-blue” for the first time after nine consecutive months of stable growth, according to business indicators published on Friday by the National Development Council (NDC).

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.

The economic slowdown in April was primarily due to the strong New Taiwan dollar, which has had a short-term impact on the overall economy, the NDC said.

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