Taipei-The local economy flashed a yellow-blue light for the fourth consecutive month in July, signaling sluggish performance, the National Development Council (NDC) said Monday.
The NDC said the index for July stood at 22, unchanged from a month earlier.
Despite July's yellow-blue light, the NDC said it remains cautiously optimistic about the local economy, adding that the latest composite index was only one point shy of a green light.
The council 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.
Wu Ming-hui (???), head of the NDC's Department of Economic Development, said that with the economy on the road to recovery, it is possible that the monitoring composite index will flash a green light in the third quarter of the year.
Source: Focus Taiwan News Channel