economic

Source: Taiwan Today
把單字貼到右下框框，字義即現！
練英文更快速囉

The overall monitoring indicators of Taiwan’s economy continued to flash a booming red light in August, according to the Council for Economic Planning and Development Sept. 27.

The latest CEPD statistics show that the total score of the monitoring indicators remained at 38 points, a result of a lower comparison from the same period last year, said CEPD Deputy Minister Hu Chung-ying.

“Rather than indicating a state of overheating, the score actually reflects that Taiwan’s economy is still recovering at a moderate pace, with trade activities, private consumption, industrial production, employment and financial markets all on the mend,” the official explained.

Looking ahead, the official expects to see the country’s economic growth gradually slow down along with the global economy, as the leading indicators have been falling for nine straight months as of August.

However, the rate of deceleration in Taiwan will be mild, “because a warming cross-strait relationship will yield economic dividends to benefit Taiwan,” Hu pointed out.

Amid this positive outlook, Hu highlighted several uncertainties looming ahead. These include increasingly divergent economic developments at developed and emerging markets, escalating trade friction between mainland China and the U.S. as well as the dispute between mainland China and Japan over the sovereignty of the Diaoyutai Islands.

Mainland China, Japan and the U.S. are the top three trading partners of Taiwan, Hu noted. If the political and economic tensions among the three parties cannot be resolved properly, “the result will be detrimental to Taiwan as well as the rest of the world,” he concluded.

The CEPD’s monitoring indicator score is based on nine components: monetary aggregates, direct and indirect finance, the stock price index, the industrial production index, nonagricultural employment, exports, imports of machinery and electrical equipment, manufacturing sales, and wholesale, retail and food services sales.

The indicator uses five colors to reflect the state of the economy: red for booming, yellow for transitional between booming and stable, green for stable, yellow-blue for transitional between stable and sluggish, and blue for sluggish.

Aggregate indicator scores between 38 and 45 result in a booming red light. (HZW)

以上文章引用自Taiwan Today, 若有侵權請來信告知。