Popular Posts Last 7 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last 30 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last year_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts All time_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Islamophobia_$type=carousel$h=350$show=/search/label/Muslim%20World

Saudi Arabia$type=two$count=2$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World

Iran_$type=three$count=3$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World

Palestine$type=three$author=hide$comment=hide$rm=hide$date=hide$show=/search/label/Muslim%20World

South Korea tips fastest growth in three years in 2017

SHARE:

SEOUL -  South Korea said Tuesday its economy is set to grow at its fastest rate in three years in 2017, on the back of strong exports and a $10 billion stimulus package aimed at creating jobs and bolstering welfare.

South Korea has enjoyed a decades-long boom, but expansion has slowed more recently and economic and social frustrations were among the drivers of left-leaning President Moon Jae-In's election in May.

The finance ministry raised its forecast for Asia's fourth-largest economy, saying gross domestic product was expected to expand by 3.0 percent -- up 0.4 percentage points from an earlier projection in December.

The forecast for 2017 marks the strongest projected growth of the South Korean economy since GDP expanded by 3.3 percent in 2014.

Authorities also cited a recovery in the country's exports for the improved outlook as the global economy rebounds.

"We believe the 3.0 percent growth will be possible if the economy continues to undertake reforms for consumption-led growth," deputy finance minister Lee Chan-Woo told reporters.

The tweaked forecast comes after the government passed a giant stimulus package over the weekend promising 110,000 new jobs in response to record-high youth unemployment.

Unemployment among under-30s hit 11.2 percent in April, more than double the rate for the entire working population.

Economic frustrations were among the factors that fuelled mass anti-corruption protests that saw former president Park Geun-Hye impeached and arrested over corruption.

Among the new jobs being targeted are firefighters, police, assistant teachers and social workers, while young job seekers, small businesses and tech startups will also be helped.

Financial assistance will be increased for women on maternity leave, more daycare centres and nursing homes for the elderly are to be opened, and businesses hiring more full-time workers are to be given extra funding.

COMMENTS

Name

Ads,5,Afghanistan,75,Africa,26,Americas,5,Animals,36,Argentina,1,Asia,235,Australia,11,Austria,5,Bahrain,2,Bangladesh,18,Barcelona,1,Belgium,3,Brunei,1,Business,1300,Canada,4,Catalan,80,China,118,Cuba,3,Czech Republic,3,DR Congo,1,Egypt,22,Ethiopia,1,Europe,237,Fitness,14,France,26,Germany,37,Headlines,11,Health,169,Hillary Clinton,199,Hong Kong,2,Hungary,1,Iceland,1,India,104,Indonesia,9,International,75,Iran,77,Iraq,77,Ireland,2,Islamophobia,19,Israel,10,Italy,3,Japan,36,Jordan,1,Kenya,7,Kosovo,1,Kuwait,3,Lebanon,2,Libya,2,Lifestyle,302,Lithuania,1,Malawi,1,Malaysia,15,Malta,1,Maxico,3,Middle East,127,Muslim World,598,Myanmar,35,Nawaz Sharif,5,Nepal,3,Netherlands,2,New Zealand,9,Niger,1,Nigeria,2,Nobel Prize,81,North Korea,53,Norway,1,Opinion,26,Pakistan,1036,Palestine,36,Philippine,16,Pics,66,Poland,3,Popular,1,Qatar,93,Rohingya,118,Russia,45,Rwanda,1,Saudi Arabia,83,Science,144,Serbia,2,Showbiz,350,Somalia,4,South Africa,1,South Korea,7,Spain,60,Sports,1311,Sudan,1,Sweden,1,Switzerland,2,Syria,112,Taiwan,2,Technology,449,Thailand,5,Today IN History,24,Top News,994,Tunisia,1,Turkey,77,U.S.,301,UAE,21,UK,51,Ukrain,2,Venezuela,4,Videos,75,Vietnam,2,World,4824,Yemen,21,Zimbabwe,2,
ltr
item
Muslim Global: South Korea tips fastest growth in three years in 2017
South Korea tips fastest growth in three years in 2017
https://3.bp.blogspot.com/-bUwPFIXpF1k/WXbS1oo-rlI/AAAAAAAAbAM/hvsH80yNk_0V0ilpGIE7nrPWNoUiXximgCLcBGAs/s640/South%2BKorea%2Btips%2Bfastest%2Bgrowth%2Bin%2Bthree%2Byears%2Bin%2B2017.jpg
https://3.bp.blogspot.com/-bUwPFIXpF1k/WXbS1oo-rlI/AAAAAAAAbAM/hvsH80yNk_0V0ilpGIE7nrPWNoUiXximgCLcBGAs/s72-c/South%2BKorea%2Btips%2Bfastest%2Bgrowth%2Bin%2Bthree%2Byears%2Bin%2B2017.jpg
Muslim Global
http://www.muslimglobal.com/2017/07/south-korea-tips-fastest-growth-in.html
http://www.muslimglobal.com/
http://www.muslimglobal.com/
http://www.muslimglobal.com/2017/07/south-korea-tips-fastest-growth-in.html
true
616431133175714168
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy