S Korea in $15.3bn stimulus bid to spur economic growth
This article comes from BBC News, unknown author.
Summary
:South Korea tries to boost economic growth by spending more recently. Small and medium-seized exporters can be helped by the funds as well as funds will be used to create jobs, boost a property market and cover a shortfall in tax revenue. Unfortunately, South Korea has suffered from weak exports and subdued domestic demand. Korean economists, however, predicted economic growth develop 0.3 percentage annually in 2013. Even though South Korean government has been experiencing economic growth constantly, the economic is still growing slowly.
My opinion
:From my point of view, new South Korean government should set well-developed economic plan for preventing unexpected economic crisis like Japan's yen has dipped nearly 20%. I strongly believe that our new government will create 40,000 jobs in this year. More jobs, more people have numerous opportunities to avoid financial problems.
I really hope that the government can create 40,000 jobs this year, although that still seems a bit low.
ReplyDeleteWow,, 40,000 jobs.. Really? strongly? So amazing! I think South Korea will experience the biggest economic depression some day since the expending of consumer is increasing, the value of money will be decreased. Korean government have to make wise solutions for that.
ReplyDelete