BANGKOK, Oct. 19 (Bernama-Yonhap) -- South Korea's economic growth could exceed projections by international organisations, including the International Monetary Fund (IMF), barring unexpected external shocks, the finance minister has said, citing robust exports and facility investment data, Yonhap News Agency reported.
World : South Korea's Growth Could Exceed IMF Projection: Finance Minister
South Korea, economy, IMF,Asia-Pacific
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Key points
- Finance Minister Lee Hyoung-il made the assessment during a meeting with reporters in Bangkok on Friday.
- "If that is the case, we think growth could exceed the 3.3 percent projected by the IMF," Lee said.
- The finance minister said South Korea's economy grew 1.8 percent and 0.6 percent in the first and second quarters, respectively, noting annual growth could exceed expectations if the momentum continued into the third quarter, for which signs were already positive.
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