Minister of Economy and Finance Choo Kyung-ho reiterated that he thinks that the possibility of the Korean economy having a major financial crisis is very low. During a meeting with reporters at the annual congress of Asian Development Bank (ADB) in the Philippines, Choo said that the current phase of soaring key interest rates cannot carry on in the long term.“Although no one can be sure about the future moves of the U.S. dollar and global interest rates, I think the current situation is not one where soaring interest rates can go on for a long period of time,” Choo said. The finance minister explained that he thinks the interest rate could go up for a certain period of time, but in the end, the interest rate is subject to fluctuation according to the interaction between the economy and interest rates to create certain policies by governments.” China has the world s largest foreign reserves, yet these reserves only account for about 18 percent of its economy. Considering that Ko
The Nigeria Employers’ Consultative Association (NECA) has described the economic challenges facing the country as multi-faceted and called for a holistic and multi-pronged approach to resolving them.
DHAKA: In the backdrop of the post-Covid-19 economic recovery and a continued global crisis, Bangladesh has banned international trips of go. | News Track