S. Korean FinMin Says Economy Recovering Faster Than Others - Yonhap

(RTTNews) - South Korea’s economy is recovering faster than other nations, but there are uncertainties, Yonhap News Agency reported Friday, quoting Finance Minister Yoon Jeung-hyun.

“We are showing signs of easing from the economic downturn earlier than other nations, with our stocks and currency markets stabilizing,” Yoon told in an international conference held in central Seoul.

He stated that the recent recovery is driven mainly by aggressive fiscal spending and uncertainties are still lingering at home and abroad.

As the economic recovery is not expected to exceed its pre-crisis level, the minster said the government should closely monitor economic developments.

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