Koo Yun-cheol sees growth above 2% this year, backs expansionary fiscal policy

Koo Yun-cheol said this year’s economic growth rate will exceed 2%. He also stated that expansionary fiscal policy would be used to raise potential growth. The core of the remarks centers on a near-term growth outlook and the direction for improving medium- to long-term growth capacity. The only figure cited was the possibility of growth above 2% this year, while expansionary fiscal policy was presented as the policy tool. Future economic policy discussions are likely to focus on the growth outlook, the role of fiscal policy and ways to improve potential growth. Source: cited from hankyung.com.