Home Business Deputy Prime Minister Hong said, “This year’s growth rate is expected to be 4.2%… Export and investment-oriented recovery trend”

Deputy Prime Minister Hong said, “This year’s growth rate is expected to be 4.2%… Export and investment-oriented recovery trend”

by news dir

[한국방송/김한규기자] The government raised its forecast for Korea’s economic growth this year to 4.2%, the highest in 11 years.

In addition, it set the goal of creating 250,000 jobs, exceeding the 220,000 decrease in employment last year, and achieving an all-time high of over $600 billion in exports.

Deputy Prime Minister and Minister of Strategy and Finance Hong Nam-ki held a joint briefing with related ministries at the government complex in Seoul on the 28th and announced the ‘economic policy direction for the second half of 2021’.

Deputy Prime Minister and Minister of Strategy and Finance Hong Nam-ki reads a speech at the ‘Joint Briefing of Economic Policy Direction for the Second Half of 2021’ held at the Government Complex in Gwanghwamun, Seoul on the afternoon of the 28th. From left: Minister of SMEs and Startups Kwon Chil-seung, Minister of Industry Moon Seung-wook, Deputy Prime Minister Hong Nam-ki, Employment Minister Ahn Gyeong-deok, and Financial Services Commission Chairman Eun Seong-su. (Photo = Ministry of Strategy and Finance)

Deputy Prime Minister Hong said, “If we look at the conditions and outlook for the second half of the year, the trend of corona spread and the speed of vaccination will be the most important variables.” We expect the investment-oriented recovery to continue,” he said.

He continued, “The second half of this year is the time to determine whether a complete economic recovery and a return to a full life after the corona crisis, and the time before and after the corona crisis,” he said. “It is the time to determine the rooting of future-leading strategies such as the Korean version of the New Deal and carbon neutrality. It will be a more important turning point than ever before.”

The government has set the economic policy direction for the second half of this year as a complete economic recovery and a major structural change to a leading economy.

Deputy Prime Minister Hong said, “The first goal is not to simply allow the economy to recover, but to pursue a ‘complete economic recovery’ accompanied by employment recovery and inclusion recovery. The major policies in the second half of the year are included in three categories of inclusive recovery, which narrows the

“We will support the structural transformation into a leading economy by discovering and arranging core tasks in two categories: securing a new growth engine that will be responsible for the future growth of our economy and enhancing adaptability to structural changes in the economy and society, such as accelerating the transition to a digital and low-carbon economy. will,” he said.

Deputy Prime Minister Hong said, “The corona crisis is not over yet, but as the recovery and rebound of the global economy is in full swing, now is the time to be reborn as an ‘economy that overcomes the crisis and leaps forward’. We will bring about a warm and ‘complete economic recovery’ by standing up and a ‘great structural transformation into a leading economy’ of our economy, which runs vigorously forward after standing up.”

Inquiries: General Policy Division, Economic Policy Bureau, Ministry of Strategy and Finance ((044-215-2710)

[출처] Korea Policy Briefing (www.korea.kr)

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