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Saturday, November 21, 2009 1:51 PM

Published 11/05/2009 by Korea Herald


Experts cautious on Korea's recovery

Several analysts said yesterday the government was going in the right direction in maintaining the expansionary policy stance, even though the Korean economy showed a robust recovery in the third quarter.

Their comments came as the Ministry of Strategy and Finance said in a report...

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Quotes

...until this year. "Risks abound that the world economy might dip again and the global recovery trends are not really satisfactory" said Kwon Soon-woo...
...Institute. "The Korean economic recovery was mostly supported by the government's help and the private sector is still vulnerable. The government would have to maintain its fiscal support for some time" he said. Kwon pointed...
...low, he said. "Oil price hikes raise the costs for producers and burden domestic demand as well" Kwon said...

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