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Home > mk Business News >> Economy 프린트 이메일 전송 리스트
S. Korea economic growth estimated at 3 pct for H2, 4 pct for 2014: finance Minister
2013.06.17 15:36:23 | 2013.06.17 16:57:39
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South Korea’s Deputy Prime Minister and Finance Minister Hyun Oh-seok said the nation’s economy could grow at the three percent range year-on-year in the second half (H2) of this year.

[S. Korea economic growth estimated at 3 pct for H2, 4 pct for 2014: finance Minister ] 기사의 본문 이미지

Mr. Hyun said at the Strategy and Finance Committee’s briefing Monday “if the government’s measures including support for start-ups, job-creation road map and creative economy initiative turn the economy around, Korea will likely see a three-percent level growth in H2,”

“The Bank of Korea (BOK) is giving a boost to the government’s efforts to jump-start the nation’s economy with its quantitative easing measures such as a 0.25 percent key rate cut and a three trillion won ($2.6 billion) rise in the cap on soft loans to small and mid-size enterprises,” noted deputy prime minister.

However, uncertainties surrounding the Korean economy still persist, Hyun added.

The lingering uncertainties came as the US debt ceiling negotiations failed to reach a conclusion, the Chinese economic growth has lost its momentum, and Japan’s deflation is still on track.

He feared that the Kaesung Industrial Complex shutdown is posing a risk to the nation’s economy.

He cited economic growth of zero percent for eight consecutive quarters, sluggish employment growth and high yen volatility as additional risks to the Korean economy.

“The nation is expected to see a mid-two level growth for the whole year and four percent level next year,” said Mr. Hyun.

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