South Korea central bank sees economic recovery

Governor Park Seung of the Bank of Korea said on Friday 25 July that the economy could enter a recovery phase in the final quarter of this year but for the present, "our economy is in a very difficult spot", he added.

Source: Reuters

Park Seung, the governor of South Korea's central bank, said on Friday he expects the economy to stage a much-awaited recovery in the final quarter and growth could pick up to four to five per cent next year.

Park's comments were broadly into line with Finance Mini

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