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Government signs signal weak economy for 5th consecutive month

2012/04/27 17:35:25

Taipei, April 27 (CNA) Taiwan's economy continued to be affected by the gloomy global outlook in March, government indicators showed Friday, although the economic prospects are expected to improve from the second quarter.

The Cabinet-level Council for Economic Planning and Development composite index of monitoring indicators fell to 14 in March from 15 recorded the previous month.

It marked the fifth consecutive month in which the economy had flashed a blue light, indicating a sluggish economy.

(By James Lee)