TAIPEI (Taiwan News) – The success of AI fueled Taiwan’s economy to reach its best level in almost two years, with the main economic indicator staying green in February for a second month running, the National Development Council (NDC) said Wednesday (March 27).
Taiwan uses a five-color scale to symbolize its overall economic performance:
- Blue, which dominated most of last year, stands for contraction
- Yellow-blue represents sluggishness
- Green indicates stable growth
- Yellow-red stands for a warming economy
Red means the economy is booming or overheating
According to the points system associated with the lights, the economy added two points in February from January to reach 29, the highest level since April 2022. NDC officials said it was obvious that the economy was moving in the right direction, per CNA.
Industrial production, overtime in industry and services, and exports were the sectors that showed improvement in February. In contrast, wholesale, retail, and restaurants saw their positions weaken, according to the NDC.
