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President Moon calls for continued efforts for economic recovery

2020-12-01 18 Dailymotion

문대통령 "경제, 예상보다 빠르게 회복...한달 남은 2020년 마지막까지 최선"<br /><br />President Moon Jae-in says the South Korean economy is recovering at quicker-than-expected pace,... citing an uptick in recent economic data.<br />Speaking at a Cabinet meeting on Tuesday,... he said the achievements in anti-virus measures were filtering through to the economy... and that the government's economic responses, such as its bold fiscal policies and Korean New Deal initiative, were bearing fruit.<br />"I ask all ministries for efforts to maintain the positive trend so that it leads to a clear economic rebound. If we are able to maintain this trend until the end of the year, we could expect to overcome the economic shock from COVID-19 and enter a normal growth trajectory."<br />Noting that the economy grew 2-point-1 percent in the third quarter from the previous three-month period,... Moon said the recovery trend will continue,... pointing to the improved economic sentiment... and increased exports.<br />He also said that the pick-up in the local stock market reflects the trust in South Korea's economic recovery,... saying that private investors were able to keep the market afloat amid difficult conditions.<br />The president called for parliamentary cooperation to swiftly pass the 2021 budget bill... and also stressed the need to consider new variables such as purchasing vaccines,... financial support for virus-hit businesses... and the need for preemptive investment to achieve carbon goals.<br /><br />

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