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Showing results for tags 'Global Reset Starting?'.
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Interesting info: S. Korea to inject 40.7 tln won for economic recoveryhttp://m.yna.co.kr/mob2/en/contents_en.jsp?cid=AEN20140724001900320&domain=3&ctype=A&site=0100000000 2014-07-24 10:00 South Korea plans to implement a macroeconomic policy package worth about 40.7 trillion won (US$39.7 billion) to kick-start an economic recovery beset by anemic domestic demand, slowing exports growth and deepening uncertainties at home and abroad, the finance ministry said Thursday. The government will also execute its macroeconomic policy in an "expansionary" manner until its intended impact materializes, the ministry added. The stance will be maintained when drawing up a budget for next year as well. The measures are a part of the government's economy management plan along with other broad policy directions unveiled on Thursday, with newly inaugurated Finance Minister Choi Kyung-hwan and his economic team serving as the leaders. "We will run our fiscal stance in an expansionary manner during the second half and in 2015 so as to consolidate the base for the economic recovery," the ministry said. "The expansionary stance will be in place until its impact materializes."
