IMF maintains forecast of RoK growth rate in 2017 | World | Vietnam+ (VietnamPlus)

Saturday, April 20, 2024 - 23:09:21

IMF maintains forecast of RoK growth rate in 2017 hinh anh 1

Illustrative photo (Source: AFP)

Hanoi (VNA) - The International Monetary Fund (IMF) kept its forecast for economic growth in 2017 of the Republic of Korea (RoK) at 2.7 percent, despite signs of a recovery in the country's exports, according to Yonhap news agency.

The projection by the IMF is slightly higher than the 2.6 percent growth forecast by the Bank of Korea. Last year, the RoK economy expanded by 2.8 percent.

Yonhap also cited a new report of the Korea Development Institute which said exports and investment of the RoK maintain a high growth rate, signalling that the economy continues to expand moderately.

In a recent speech, acting President of the RoK Hwang Kyo-ahn affirmed that the Government will spare no effort to meet the demand of businesses through providing information and financial aid and boosting cooperation with foreign governments.

He also stressed the significance of local firms in generating jobs and economic recovery of the RoK.-VNA

VNA

Republic of Korea International Monetary Fund IMF forecast economic growth exports Bank of Korea financial aid foreign governments economic recovery Related stories Korea (RoK)

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