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Taiwan: Taiwan's economy shows stable growth

Taiwan: Taiwan's economy shows stable growth

Taiwan's economy is growing at a steady pace, with the overall indicator for economic climate flashing a yellow-red light last December for the fourth consecutive month, the Council for Economic Planning and Development (CEPD) said yesterday.

The CEPD said the total score of the economic indicator for December went up to 33 points from 32 points in the previous month, with the indicators for financial, production, trade and consumption continuing to grow, it said. The labor market also showed signs of improvement.

The government has been vigorously helping to attract more foreign and domestic investment to stimulate the economy, said Hung Zui-pin, director-general of the CEPD's Department of Economic Research.

Stock index, machinery and electrical equipment imports flashed from green to yellow-red last December, while the manufacturing sector turned from an overheating signal to the yellow-red steady growth indicator, said Lin Li-chen, another member of the department.

The indicators of the other sectors remained unchanged, according to the CEPD.

The leading indicator, which reflects the short-term economic climate, stood at 121.8 points in December, a rise of 0.3 percent from November, the CEPD said, while the six-month annualized rate, which addresses the longer term, dropped by 0.4 percentage points to 2.2 percent.

Updated : 2022-01-22 16:10 GMT+08:00