SUBSCRIBERS
S Korea to inject 22 trillion won stimulus into Mers-hit economy
This will raise growth by 0.3 percentage point in 2015 and 0.4 percentage point in '16
Published Fri, Jul 3, 2015 · 09:50 PM
Seoul
THE South Korean government has agreed to inject 22 trillion won (S$26.4 billion) into the flagging economy, which has been hit by the Middle East Respiratory Syndrom (Mers) virus outbreak and sluggish consumption.
The stimulus package was passed at a Cabinet meeting of government ministers, the finance ministry said on Friday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Chinese firms are investing abroad at fastest pace in eight years
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1