On-point: S. Korea raises 2024 economic growth outlook to 2.6%


South Korea’s economy is right on track with strong export growth and stable inflation, President Yoon Suk Yeol said so himself on Wednesday.
And it’s only looking like being better in the latter half of the year.
We’re joined by Professor Lee Seo-hyun.

Good morning.

1. The finance ministry has raised its forecast for economic growth this year to 2.6% from an initial 2.4%.
Is this achievable growth?
What do you think?

2. So all the figures both at home and abroad indicate that the South Korean economy is doing alright, but that isn’t directly leading to improving people’s livelihoods.
Why is that?

3. High inflation is, I’m sure, something people living in Korea can all relate to and would point out as one of the most serious concerns.
When will it be finally tamed to the point where we don’t have to worry about, let’s say, going grocery shopping?

4. President Yoon pointed out that small business owners who were hit hard by the pandemic are still struggling to get back on their feet.
This time, the government will pour 18 billion U.S. dollars into assisting them
How are the plans different this time?

5. Then will the plans actually help them this time?
What’s your take on this?

Thanks so much for your time this morning.
We appreciate it.

Source : Arirang TV, https://www.arirang.com/news/view?id=272817
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