South Korea finance minister says 3.8% 2015 GDP forecast achievable

Published Thu, Feb 5, 2015 · 03:41 AM

[SEOUL] South Korea's finance minister said on Thursday the government's 2015 economic growth forecast of 3.8 per cent is achievable, citing a number of factors such as falling oil prices which could boost demand.

Finance Minister Choi Kyung-hwan told lawmakers in parliament that growth would be supported by falling oil prices, free trade agreements and expansionary policies including the central bank's two rate cuts last year.

The minister added earlier in the session that the South Korean economy is in a state of disinflation and not deflation.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes

International

Canada job gains blow past forecasts; wage growth slows
ECB set scene for June rate cut at last meeting, account shows
Japan closely monitoring weak yen, PM Kishida says, in fresh warning from Tokyo
Biden’s plan to hit China with more tariffs is mostly symbolic
Sterling rises after UK economy beats expectations and exits recession
China’s car exports hit record high in April, as domestic sales fall

International

International

South Korea finance minister says 3.8% 2015 GDP forecast achievable

International

Canada job gains blow past forecasts; wage growth slows

ECB set scene for June rate cut at last meeting, account shows

Japan closely monitoring weak yen, PM Kishida says, in fresh warning from Tokyo

Biden’s plan to hit China with more tariffs is mostly symbolic

Sterling rises after UK economy beats expectations and exits recession

China’s car exports hit record high in April, as domestic sales fall

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

SECTIONS

LIFESTYLE

Follow BT