The business climate in Taiwan remains in steady growth based on the business climate monitor last month. The National Development Council said the monitor signalled green for a third consecutive month in May, indicating steady growth. However, the council warned that challenges loom ahead for exports, which have fared well so far. Rising inflation worldwide is also taking a toll on demand for electronic goods, but domestic demand is expected to offset its negative effects. The council uses a five-colour system to depict the nation’s economic state, with “green” indicating steady growth, “red” suggesting a boom, and “blue” signalling a recession. Dual colours indicate a shift to a stronger or weaker state.
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