Taiwan economy shows steady growth in January

Taipei, March 1 (CNA) Although the National Development Council’s (NDC) Composite Economic Indicator Index for Taiwan fell two points between December and January, a strong stock market and robust investment have kept overall growth steady. , according to data released on Tuesday.

The index fell from 38 to 36 between December 2021 and January this year, being in the “yellow-red” range of 32-37 on the council’s five-color rating system, with “blue” indicating contraction economy, “yellow-blue” lethargy, “green” stable growth, “yellow-red” a warming economy, and “red” an overheating or booming economy.

Wu Ming-hui (吳明蕙), head of the NDC’s Economic Development Department, attributed the overall decline to a high base for comparison with the December adjusted score.

Before December, the index had remained in the “red” range for 10 consecutive months.

Meanwhile, although the main indicator for the index measuring economic sentiment over the next six months fell slightly by 0.06% to 102.8 between December and January, the coincident index rose by 0, 32% to 103.16, signaling a stable local economy, the NDC said.

Looking ahead, Taiwan is expected to maintain its export and investment growth momentum, but the NDC, the country’s main economic planning agency, has warned to pay attention to sources of uncertainty, such as instability. geopolitics, the global COVID-19 situation, supply chain challenges and fiscal policies of major economies.

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