Economics
Korea’s Government Takes More Bullish View on Growth Than BOK
- Finance ministry raises 2021 GDP projection to 4.2% from 3.2%
- Ministry sees inflation at 1.8%, close to central bank target
Reach stackers transport containers at the Uiwang Inland Container Depot in Uiwang, South Korea.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
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South Korea raised its economic forecast for this year by a wide margin after factoring in expectations for record exports and a rebound in consumption supported by rising vaccination levels and another extra budget.