Taiwan’s Economy Continues to Show Signs of Recovery

By Dong LIU, CND, 28 December 2001

[CND, 12/28/01] The leading indicator index of Taiwan’s economy has risen for the second consecutive month, said the Council for Economic Planning and Development, AFP reported.

The index gauges economic activity for the next three to six months. It has been on the rise since June this year, except for September. In November, it increased by 0.8 percent compared to the same period last year.

The council believes that the economy is likely to recover from March on if the index of leading indicators for December continues to show increase.

An increase in the index of leading indicators for three consecutive months usually points to an economic upturn over the next three to six months, said Hu Chung-ying, director of the council’s research department.