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South Korea continues stimulutive measures [Copy link] 中文

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Post time 2009-5-8 16:26:37 |Display all floors
The South Korean government will continue its stimulative policy as the trade-dependent economy is still struggling with global economic uncertainty, the finance ministry said on Thursday. "We will continue the stimulative economic policy as we're still unsure about whether the economy will continue the recent trend of improvement given the uncertain external conditions," the ministry said in its Green Book report of preliminary economic indicators.

The ministry also said that the economy will likely post a current account surplus of over $3 billion for April, with a record $6.02 billion trade surplus offsetting sizable fund outflows due to dividend payments by local firms to their foreign shareholders.

Stable oil and raw material prices will likely help the trade balance stay in surplus for May, it said.

It also predicted the industrial output would improve further in April from March by a small margin, as exports increase and consumer and business sentiment improves.

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