The South Korean government on Thursday revised up its growth forecast for the economy this year, as it expects the recent stimulus measures to boost economic activity further ahead.
The Finance Ministry forecasts the economy to grow 2.7 percent in 2013, faster than an initial estimate of 2.3 percent expansion.
The upgrade downplays risks from an expected reversal of US stimulus program, slowing Chinese economy as well as weak external trade conditions due to yen depreciation.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.