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한은 "정부 지출 1 조 늘리면 년간 년간 GDP 1.27 조 ↑" … 현 경연 "부양책 주력 해야"
While South Korea continues to struggle with low growth, …
Yoon Jung-min tells us more.
The Bank of Korea emphasized the importance of the government's role in helping the local economy.
According to its report on Monday, … if the government increases spending by around 850-million U.S. dollars, … the country's gross product would be more than one-billion dollars over the course of five years.
That's because the private sector is often used by the government.
The central bank 's figures exclude government spending on unemployment allowances, and other sources of capital.
Another report by the Hyundai Research Institute said the government should be aware of the importance of the economy.
In July, the International Monetary Fund closed its global growth projection for this year to 3-point-2 percent.
Growth rates for the second quarter in major economies, … including the U.S., China and Europe, were all lower than previous figures.
The main reasons behind this are low investment and consumption, and sluggish exports to the trade between Washington and Beijing.
The research institute is one of the world's largest and most important institutions.
Yoon Jung-min, Arirang News.
#spending #help #tackle #low #growth #Korea #bank
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