OPPORTUNITY FROM CRISIS: A researcher said that the outbreaks in China and South Korea could shift orders to Taiwan, making it a good investment destination

Taipei Times
Date: Feb 28, 2020
By: Crystal Hsu  /  Staff reporter

The government’s business climate monitor last month remained “green” for the third straight month, but it might start to feel the effects of an outbreak of COVID-19 in China from this month, the National Development Council (NDC) said yesterday.

The barometer lost two points to 25, allowing the climate signal a third consecutive green light, which indicates steady expansion of the economy.

However, things could turn negative as the epidemic starts to weigh on economic gauges, the council said.

“The picture looks increasingly gloomy ahead,” NDC research director Wu Ming-huei (吳明蕙) told a media briefing in Taipei.   [FULL  STORY]