South Korea’s economy expected to grow 2.3% in 2013

By bne IntelliNews April 5, 2013

South Korea’s economy is likely to grow 2.3% this year, due to the decline in exports, resulting from low global demand and a weaker yen. As reported by Associated Press Newswires, the Finance Ministry is expected to promote economic recovery by implementing a stimulus plan and spending above 60% of the annual budget during the first half of the year. The nation is likely to create about 250,000 new jobs during the period, while the current account surplus is expected to register USD 29bn.

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