Back
28 Mar 2013
Forex Flash: S. Korean Gov unveils 2013 economic plan - Nomura
FXstreet.com (Barcelona) - Nomura economist Young Sun Kwon notes that the South korean government has announced its 2013 economic policy plan.
He comments that it cut its 2013 GDP growth forecast from 3.0% to 2.3%, much lower than the Bank of Korea´s 2.8% forecast. Further, he adds that regarding fiscal policies, the government plans to formulate a supplementary budget in April.
He comments that it cut its 2013 GDP growth forecast from 3.0% to 2.3%, much lower than the Bank of Korea´s 2.8% forecast. Further, he adds that regarding fiscal policies, the government plans to formulate a supplementary budget in April.