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[INTERVIEW] Korea urged to brace for side effects of Bidenomics
Posted : 2021-01-22 17:01
Ex-financial regulator warns about overheated stock market
By Park Jae-hyuk
A noted economist here has warned against adopting a blind optimism about the possible influence of the Joe Biden administration s policies on the Korean economy, amid a rosy outlook for recovery from the global economic downturn resulting from the COVID-19 pandemic.
Institute for Global Economics (IGE) Chairman Jun Kwang-woo, who previously served as the first chairman of the Financial Services Commission, said Friday that Korea should brace for medium- to long-term side effects from the new U.S. president s plan to pursue expansionary fiscal policies.