By: Chen Cheng-wei and Romulo Huang
Taipei, July 27 (CNA) Taiwan’s composite economic monitoring indicator compiled by the National Development Council (NDC) flashed a blue light in June, indicating that the economy was showing signs of a recession.
The overall score decreased by two points in June from a month earlier, slipping into the blue light range of 9-16 points, the NDC said in a statement released Monday.
The NDC employs a five-color rating system to monitor Taiwan’s economic performance.
In addition to the blue light (9-16 points), a yellow-blue light (17-22) represents an economic slump, a green light (23-31) points to stable growth, a yellow-red (32-37) shows the economy is heating up, and a red light (38-45) means the economy is overheated. [FULL STORY]