Hong Nam-ki “The width of reverse growth was much smaller than that of developed countries… sluggish domestic demand hurts bones”

(Sejong = Yonhap News) Reporter Lee Bo-bae = Deputy Prime Minister Hong Nam-ki and Minister of Strategy and Finance said that Korea’s economic growth rate reversed -1% last year. One result,” he said on the 26th.

Deputy Prime Minister Hong said on Facebook on the same day that “in the last year, the developed countries in the top 10 economic scale are expected to grow negatively from -3% to -10% or more.”

The Bank of Korea announced on the same day that the growth rate of real gross domestic product (GDP) in the fourth quarter of last year and the annual growth rate (breaking value) was 1.1% and -1.0%, respectively, compared to the previous quarter.

He said, “It is regrettable that if the novel coronavirus infection (Corona 19) subsided in the second half of the year and daily economic activities were possible, it would have prevented reverse growth,” he said. “In the second half, it showed positive growth for the second consecutive quarter. Despite the spread, it has strengthened the foundation for a quick and strong economic recovery.”

Deputy Prime Minister Hong said, “A clear improvement trend in exports, which could be confirmed by real indicators in the fourth quarter, and sluggish domestic demand due to the third spread of the corona were clearly shown in GDP statistics.”

“Exports have been a big foundation for the competitiveness of the manufacturing industry that we have accumulated so far,” he said. “The recovery of exports itself not only led to a recovery in growth, but also led to the expansion of facilities investment by companies, adding to the expectation of the spread of economic recovery momentum.” said.

“Unlike export protection, the prolonged sluggish domestic demand and the resulting difficulties in public life are the most painful part.” “Although the 3rd spread is easing in recent years, through thorough quarantine, we calm the spread of corona as soon as possible, and normal economic activities, daily life. “The most urgent task is to make life possible.”

Deputy Prime Minister Hong commented on the supplementary administration four times a year in 59 years and said, “The government has also faithfully played a supporting role in the crisis situation caused by the corona crisis through finances. As a result, the finances contributed significantly to the growth of last year, It was found that it buffered the negative growth. In the case of an economic crisis, when the private sector was difficult, the finances played a role.

He added, “Although we suffered from Corona last year, we were able to derive better report cards than major developed countries with the strength, sweat, sacrifice, and passion of all citizens and economic actors. The important thing now is to have confidence in our economy, fast and strong economic recovery and rebound. To achieve this, we will once again gather our final strength and sprint.”

[email protected]

Unauthorized reproduction-redistribution prohibited>
2021/01/26 08:49 sent