TAIPEI (TVBS News) — Taiwan's National Development Council (NDC) announced on Wednesday (March 27) that the economic status light for February has shown green, indicating "economic stability," for two consecutive months.
The comprehensive judgment score increased by two points to 29, marking a new high since April 2022, the NDC stated.
NDC officials attributed the steady and gradual recovery of the domestic economy to production and export indicators improvements, fueled by the popularity of artificial intelligence (AI) themes.
Wu Ming-huei, the NDC's Department of Economic Development director, suggested that the green light could continue into March.
This optimism is due to a three-month upward trend in the business climate index for the manufacturing sector, growing consumer confidence, and a lively stock market.
Wu anticipates an improvement in foreign trade performance due to a gradual recovery in global trade volume and the accelerated promotion of emerging technology applications such as high-performance computing, AI, and automotive electronics.
She also pointed out that continued investment in Taiwan by domestic semiconductor industries and international corporations, coupled with businesses pushing for net-zero transformation and investing in research and development and process improvement, along with steady growth in public investment, will help maintain investment momentum.