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Added on the 15/09/2016 19:24:36 - Copyright : Reuters EN
Seoul, May 27 (EFE/EPA).- South Korea's central bank on Thursday raised its economic growth forecast for 2021 by one percentage point to 4 percent due to the progressive recovery of the economy while keeping interest rates unchanged at a record low of 0.5 percent.The Bank of Korea (BoK) also forecast that Asia's fourth largest economy will grow 3 percent in 2022.In the face of strong signs of recovery, the bank expects inflation this year to be 1.8 percent, half a percentage point above the previous forecast. (Camera: ARCHIVE). ARCHIVE FOOTAGE OF SEOUL, SOUTH KOREA.
Republican presidential candidate, Donald Trump, called for a U.S. goal of four percent annual economic growth and says his plans will create 25 million new jobs over a decade. Bobbi Rebell reports.
South Africa’s finance minister forecasts the economy will grow by 4.8 percent, a revision to the 5.1 percent growth previously forecast. While presenting the country's 2022 budget to parliament, minister Enoch Godongwana says "Commodity prices... also, violent unrest in July; restrictions imposed to manage the third wave of Covid-19 further eroded the gains made in the first half of the year." SOUNDBITE
Banda Aceh, Feb 22 (EFE/EPA).- The Central Bank of Indonesia has cut down the economic growth outlook for 2021 to 4.3 percent to 5.3 percent following the weak gross domestic product (GDP) from the fourth quarter last year.Indonesia previously expected the 2021 economic growth to reach between 4.8 percent to 5.8 percent. (Camera: HOTLI SIMANJUNTAK).SHOT LIST: INDONESIAN TRADERS DISPLAY THEIR GOODS AT A TRADITIONAL MARKET IN BANDA ACEH, INDONESIA.