SEOUL, South Korea (AP) — South Korea's government says it is dramatically cutting its job outlook while slightly reducing its economic growth forecast. The Finance Ministry said Wednesday that South Korea's economy will create only 180,000 jobs this year, down from the 320,000 jobs it forecast in December. The economy will likely expand 2.9 percent this year, compared with forecast in December for 3.0 percent growth. Slashing its employment outlook nearly by half is politically painful for President Moon Jae-in, who has enjoyed high approval ratings thanks to his administration's diplomacy toward North Korea. Moon's economic policies have centered on raising incomes and creating jobs, but they have made little headway in alleviating simmering concerns about future sources of growth and employment. Read more on NewsOK.com
Comment on South Korea slashes jobs outlook, downgrades growth forecast
NewsOK.com RSS - business >> !The Oklahoman, Daily Oklahoman: Business
Tue, 07/17/2018 - 7:47pm
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more