South Korea Finance Minister Sees Third Extra Budget as Last
- Signs of bottoming found in exports, consumption, Hong says
- Pressure for recovery ‘keeps me awake at night,’ he says
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South Korean Finance Minister Hong Nam-ki sees a third extra budget pending approval in parliament as the last for this year and said the economic shock from the coronavirus pandemic may have bottomed.
South Korea’s economy can still avoid its first annual contraction in more than two decades if stimulus measures including the latest supplementary budget get carried out quickly enough to build on the momentum of improving exports and consumer confidence, Hong said in an interview with Bloomberg on Friday.