S.Korean PM expects economy to remain under pressure from high inflation, interest rates ...Middle East

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SEOUL: South Korean Prime Minister Han Duck Soo (pix) said Thursday the country’s economy would stay under pressure from high inflation and interest rates for the time being, calling for measures to revive growth momentum and stabilise people’s livelihoods.“The aftermath of high prices and high interest rates in the previous year will put strong pressure on our economy for the time being,“ Yonhap news agency quoted Han as saying in a meeting on state affairs.“The government will closely monitor internal and external economic conditions, and expand the momentum of stabilising people’s livelihoods and revitalising the economy,“ Han said.“We should focus our capabilities on innovation and make

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