ECONOMY SLUMPS IN TAIWAN FOR NINTH CONSECUTIVE MONTH

TAIPEI - Taiwan's economy continued to be affected by the global recession in July, Government indicators show. The composite index of monitoring indicators rose to 16 in July from 15 the previous month, according to data compiled by the Cabinet-level Council for Economic Planning and Development. The index has a scale of between nine and 45, with the lowest range - nine to 16 - represented by a blue light.