(๑′ᴗ‵๑) try ViewAllFeedback.com see ebay sellers' negative feedback free

Economic Growth

Free Button: Daily News
Free Button: Daily News



[Anchor Lead]The Bank of Korea again increased this year's growth rate projection to 2.8%, while freezing the benchmark interest rate due to increasing household debts and uncertainties in the domestic and overseas markets.[Pkg]The Bank of Korea raised the nation's growth rate projection for this year from 2.6% to 2.8%. The latest increase of 0.2 of a percentage point came only three months after the growth projection was upped from 2.5% to 2.6% in April. The figure reflected expectations about Korea's vastly improved export performance. Bank of Korea Governor Lee Ju-yeol hinted that the growth rate may even go up further if the government's extra budget is executed.[Soundbite] Lee Ju-yeol(BOK Governor) : "I believe this year's growth rate would go up further once the extra budget is passed in the parliament and executed as the administration had planned."Korea's central bank, however, predicted that the government's target growth rate increase of 0.2 of a percentage point isn't likely to be achieved since the execution of the additional budget is being delayed. Also, the BOK was concerned that China's retaliatory economic measures for the THAAD deployment is dealing a bigger blow than expected on the Korean economy. Previously, the Bank of Korea's Monetary Policy Committee decided unanimously to freeze the benchmark annual interest rate at the current 1.25%. The Committee said, although exports and investments are improving, local spending is not increasing fast enough and the economic recovery has been rather slow to justify boosting the interest rate. Furthermore, if the interest rate is hiked, it would be even harder for households to pay back their debts. The central bank said that Korean household debt continues to grow sharply although the increase in mortgage loans has slowed down somewhat from last year.


KBS News Today
  Email Video to Friends   Receive Emails for Similar Videos


  Repeat and Loop Video   Link to Video   Create Short URL  Publish Text About This Video   Share on Facebook, Twitter, and more
  See Recommended Videos For You
👕 Try MeTee.com: publish meme shirts in seconds and earn a commission forever


  Australia's economy has grown for 25 years   IMF sub-Saharan Africa 2016 outlook sees weaker growth   Russia downgrades growth forecast as low oil prices and sanctions bite   Eurozone economic growth feeble, but finally Greece out of recession   Britain's economic growth slows sharply - economy   Summer tourism helps Spain's economy grow more than other eurozone countries   Eurozone manufacturing enjoys year end boost - economy   Economics 101: Small Government Is the Recipe for Creating Rich Nations   Vietnam Sees Strong Economic Growth Despite Incomplete Reforms   Positive outlook for African economic growth   World Economic Outlook 2016—Message from IMF’s Economic Counselor   China’s industrial profit growth slows in April after falling prices   BP Energy Outlook - 2016 Edition   Trump proposes tax plan as economy slows   Nerpada Pesu: Expectations & Disappointments in Economic Survey 2017-18 | 31/01/17   GDP growth revised down in US for Q4, but Q1 looks rosier   UK economic growth solid but heavily dependent on consumer spending   US economic growth picks up   US posts economic growth of 2.1 percent - economy   US economy slows in Q4, GDP at 0.7% and 2.4% for all of 2015   Navigating Europe's Choppy Economic Waters: Forecasts and Uncertainty - real economy   How should Europe react to inflation forecasts? - real economy   Eurozone factory activity ramps up - economy   US GDP estimate for Q3 revised up further, to 3.5 percent - economy   US economic growth slows in Q4 2016 from weak exports - economy   US Q1 economic growth revised higher   Economic Growth Slows To Lowest In More Than 2 Years   Little sign of Brexit vote downturn for UK economy - economy   French economy at walking pace as Spain sprints ahead   Ireland set to be strongest growing eurozone economy again   Markit's survey shows eurozone growth   Businesses need Europe to change - real economy   Greek central bank sees 2.5 percent growth for 2017 - economy   British economy grows as consumers splash the cash - economy   France: weak GDP growth ahead of final election round - economy   UK growth remains firm despite Brexit vote - economy   Debt drags Chinese economy on   Economic growth in the eurozone disappoints   Navigating Europe's choppy economic waters: forecasts and uncertainty - real economy   Growth Lower Than Expected: Has Notes Ban Hit Economy Hard?   The growth dilemma - real economy   US GDP growth rate revised upward for Q4 2015   French economy slows in Q2   Polls uncertainty dampen Kenya's 2017 economic outlook   Uganda's economy to grow 5.5 percent in the year ending June 2018   Egypt embarks on sweeping reforms to revitalize the economy   Trade, Economic Growth and Inequality   Economic Survey 2016-17 Forecast Temporary Dip In Real GDP Growth   Hit hard by falling oil prices, Angola looks to diversify economy   5th edition of the International Development Forum : Africans trust Africa   Macron and economic growth   Inflation Deterring Economic Growth   Economic Freedom and Growth   Economic Growth Outlook   The productivity puzzle: How can we speed up the growth of the economy?   Macron and economic growth   India will grow faster than China for the next 2 years: IMF   UK inflation holds steady in March, set to jump in April   Analyze This! Inclusive Growth   Eurozone industrial output surprisingly strong in November - economy   Arvind Subramaniam, Chief Economic Advisor, talks on the Economic Survey   UK manufacturing output and orders strong - economy   Ganvie: The floating market of Benin   Germany in rude health as falls in unemployment meet sky high consumer confidence   Ireland's 'Celtic Tiger' purring again, but at what price?   Norway's sovereign wealth fund reaches $1 trillion - euronews   Norway's sovereign wealth fund reaches $1 trillion   President Uhuru officially opens the Nyeri ACK Show   Pat Toomey on the Importance of Tax Cuts   A day in the life of an Indian entrepreneur   Eurozone GDP growth still weak, Greece in recession again   IMF revises Botswana's 2017 growth forecast as diamond demand rises   Zambia targets 5% GDP growth rate, 6.1% by 2020   What Creates Wealth?   Credit Suisse beats earnings expectations

Popular Today