By: Cheng Cheng-wei and Romulo Huang
Taipei, March 28 (CNA) Taiwan’s economy continued to weaken as the key economic indicators for February flashed a blue light for the ninth consecutive month, the National Development Council (NDC) said Monday.
The NDC predicted, however, that the nation’s economy is expected to improve in the second quarter as the overall composite score of monitoring indicators for February increased 2 point from a month earlier to 16.
The trend-adjusted leading index stood at 96.83, down 0.76 percent from the previous month and the trend-adjusted coincident index fell 0.44 percent from January to 97.82, the council said.
The council employs a five-color system to gauge the country’s economic performance, with blue indicating a contracting economy, yellow-blue representing sluggishness, green denoting stable growth, yellow-red referring to a warming economy, and red pointing to an overheated economy. [FULL STORY]