By Chen Cheng-wei and Ko Lin
Taipei, May 26 (CNA) Taiwan’s economy turned sluggish in April, with the overall
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.