AsiaInt Economic Intelligence Review, July 2004
2,041 words

Taiwan's Council for Economic Planning and Development, which operates under the Executive Yuan (cabinet), has long used a colour-coding system to illustrate the health of the economy according to a composite index of leading economic indicators. A "blue light" stands for recession; yellow-blue suggests the economy is cooling; green means it is stable; yellow-red indicates expansion; and red warns of overheating. After five months showing a healthy yellow-red, in May the index flashed red for the first time since November 1994. But instead of adjusting their plans to cope with an overheating economy, Taiwan's policymakers are preparing for a soft landing in the second half of 2004_

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