Business climate monitor remains in growth modeBy Crystal Hsu / Staff reporterTaiwan’s business climate monitor last month flashed “green” for a fourth straight month, indicating steady growth, although the economy lost further momentum, the National Development Council said yesterday. International research bodies have in the past month trimmed their forecast for global GDP growth, citing Russia’s invasion of Ukraine, inflation and monetary tightening, Wu said. The index of coincident indicators, which reflects the current economic situation, lost 0.76 percent to 99.69, as all sub-indices declined from one month earlier, it said. Against that backdrop, financial markets might become increasingly volatile, but the business climate for service providers might improve soon on a stabilizing COVID-19 situation, she added. There is a high chance that the climate monitor will continue to flash “green” throughout the second half of this year, she said.

Source: Taipei Times July 28, 2022 04:08 UTC