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S Korea expects fastest growth in 3 years in 2017

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Published Tue, Jul 25, 2017 · 09:50 PM

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Seoul

SOUTH Korea said on Tuesday its economy is set to grow at its fastest rate in three years in 2017, on the back of strong exports and a US$10 billion stimulus package aimed at creating jobs and bolstering welfare.

South Korea has enjoyed a decades-long boom, but expansion has slowed more recently and economic and social frustrations were among the drivers of left-leaning President Moon Jae-in's election in May.

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