Tuesday 18 December 2018
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asiatoday - 5 month ago

S. Korea lowers growth estimate, set to spend more to revive economy

By AsiaToday reporter Cho Sang-eun South Korea s government lowered its growth estimate for the gross domestic product (GDP) for this year to 2.9 percent from its earlier projected 3 percent while cutting its job creation target to 180,000 from its earlier estimated 320,000. It plans to increase spending, expand the beneficiaries of the earned income tax credit (EITC) scheme, and promote innovative growth speedily in order to restore the economy. The government held an economy-related ministers .. 더보기

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