Bank of Korea to announce Q1 GDP estimates for S. Korean economy
Arirang News
2020-04-22
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한국은행 오늘 오전 1분기 GDP 성장률 발표 예정
South Korea's central bank is set to release its first quarter GDP estimates in the coming hours.
It will be a good gauge to measure how the country has coped with the economic impact of the COVID-19 pandemic.
According to the IMF,... South Korea's economy is forecast to contract 1-point-2 percent this year.
Earlier this month, the head of the Bank of Korea said another interest rate cut could be needed as the BOK cut its yearly GDP projection to under one-percent,... less than half its earlier forecast of 2-point-1 percent.
In a bid to shore up the economy, the South Korean government has proposed a 6-point-1 billion dollar extra budget, following the 9-point-4 billion dollar stimulus that was approved by lawmakers in March.
South Korea's central bank is set to release its first quarter GDP estimates in the coming hours.
It will be a good gauge to measure how the country has coped with the economic impact of the COVID-19 pandemic.
According to the IMF,... South Korea's economy is forecast to contract 1-point-2 percent this year.
Earlier this month, the head of the Bank of Korea said another interest rate cut could be needed as the BOK cut its yearly GDP projection to under one-percent,... less than half its earlier forecast of 2-point-1 percent.
In a bid to shore up the economy, the South Korean government has proposed a 6-point-1 billion dollar extra budget, following the 9-point-4 billion dollar stimulus that was approved by lawmakers in March.
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