yang jun

yang jun

Economists talk 경제 전문가대담

1w ago
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The Korean government has rolled out a roughly 13-and-a-half billion dollar stimulus package... including a supplementary budget,... to prop up the economy... currently scrambling from the MERS outbreak and sluggish exports. The country′s growth forecast has also been slashed to 3-point-1 percent for this year,... from its earlier projection of 3-point-8 percent. For more on the government′s new measures... and the outlook for the economy,... we have Professor Yang Jun-sok from the Catholic University of Korea. Thanks for joining us. Good to be here. The finance ministry has yet to release the exact amount of the supplementary budget,... what is your evaluation of this? Is there any possibility that it could damage the country′s fiscal health? The government′s stimulus measures follow the central bank cutting the key rate to a historic low of one-and-a-half percent. What are the risks that the Korean economy is facing,... that would lead to such measures? What about the government′s drive to push through structural reforms? Alright, Professor Yang. Thanks for you time today.