By: Chen Cheng-wei and Frances Huang
Taipei, Jan. 27 (CNA) Taiwan’s economy continued to weaken as the key economic indicators for December flashed a “blue light” for the seventh consecutive month, the National Development Council (NDC) said Wednesday.
The overall composite score of monitoring indicators for December fell one point from a month earlier to 14.
The composite score, which comprises nine factors, flashed the first blue light in April 2015 and improved slightly to a yellow-blue light in May. But, since June, the key indicators have been flashing a blue light, with the scores ranging between 14 and 16.
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]