[Editorial] Rosy plan koreaherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreaherald.com Daily Mail and Mail on Sunday newspapers.
Croissance : le gouvernement sabre ses prévisions pour 2020 kbs.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kbs.co.kr Daily Mail and Mail on Sunday newspapers.
Rosy outlook
Gov t fails to reflect reality in 2021 economic projection
The government came up with a package of economic policies during an extended meeting of economy-related ministers Thursday, featuring, among others, 3.2 percent growth for the year 2021. It predicted a recovery of both exports and domestic consumption, boosted by the expected improvement of global trade and the semiconductor industry coupled with expanded fiscal measures.
It forecast the creation of 150,000 jobs, and commodity prices climbing by 1.1 percent from this year s zero percent level, prompted by the possible increase in demand. Many experts say the outlook is too rosy even when reflecting a base effect from an economic contraction this year. Three percent growth seems implausible for now in the light of the possibility that the COVID-19 pandemic will continue to surge through early next year.
S Korea to focus on supporting economic recovery, preparing for post-pandemic era in 2021 koreaherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreaherald.com Daily Mail and Mail on Sunday newspapers.
S. Korea Drums Up Measures to Revive Consumption, Create Jobs Next Year amid Pandemic
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This photo, taken on Dec. 13, 2020, shows Seoul’s shopping district of Myeongdong, where only a few people were spotted amid the third wave of the new coronavirus. (Yonhap)
SEOUL, Dec. 17 (Korea Bizwire) South Korea’s 2021 economic policy plan underscores its commitment to boosting domestic demand and propping up the sluggish job market as the country sets its sights on overcoming economic slumps caused by the new coronavirus outbreak.
The finance ministry unveiled two-pronged approaches in managing the 2021 economic policy plan, under which the country will seek to support “fast and strong” economic recovery and transform the country into a “pacesetting” economic power in the post-COVID-19 era.