Taiwan's business climate stays in growth mode

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.