SEOUL, KOREA - The government is considering adjusting its 2013 economic growth forecast upward to 2.6-2.8 percent from current 2.3 percent.
A high-ranking official of the Ministry of Strategy and Finance said on June 9, "We are discussing whether to raise the forecast figure for the year in the upcoming second-quarter economic management plan to be announced at the end of this month. Effects like increased supplementary budget, benchmark interest rate cut, and latest economic indicators will be factored in."
In March, the government had adjusted downward its growth forecast for the year to 2.3 percent from 3.0 percent. It doesn't include growth-enhancing effects such as the much-enlarged revised supplementary budget in April and the unexpected rate cut of 0.25 percentage point in May.
Other effects such as the real estate market stimulation package disclosed by the government on April 1, tech startup support measures, and corporate investment encouragement plans will also add a few more points of a percent to the year's economic growth rate.
저작권자 © Korea IT Times 무단전재 및 재배포 금지
