English donga | Japanese donga | Chinese donga [ GB | Big5 ] | Korean donga
   
Archives
Business
National
Politics
International
Sports
Editorial
Op-ed
Life
Entertainment
Link
Hate Practice
G20 leaders express confidence in Korean economy
FEBRUARY 24, 2014 07:28  
The finance ministers and central bank governors of G20 who met in Australia have said that Korea is distinguishing itself from other emerging economies with 뱒olid economic fundamentals.

According to the Ministry of Strategy and Finance on Sunday, finance leaders of G20 including IMF Managing Director Christine Lagarde, Australian Finance Minister Joe Hockey, German Finance Minister Wolfgang Schaeuble and British Finance Minister George Osborne expressed their assessment on the Korean economy like this in a conference with Korean Finance Minister and Deputy Prime Minister Hyun Oh-seok on Saturday.

Participants including Lagarde agreed with Hyun뭩 analysis that emerging economies have been differentiated from one another since the beginning of U.S. tapering, saying that while emerging economies with great political uncertainties and current account deficits are affected by the withdrawal of quantitative easing more than expected, Korea has a sufficient capability to respond to it.

Hyun consistently claimed at this G20 meeting that the reduction of quantitative easing should be conducted in a prudent manner, considering its impact on the global economy as well as emerging economies. And his assertion was incorporated into the joint communiqu, which has been adopted the delegates from the participating nations. The communiqu includes the G20 members agreement on implementing monetary policies based on prudent coordination and clear communication among member countries while being mindful of their impacts on the global economy.

Editorial
A single mom뭩 death by police raid on prostitution
A single mom surnamed A (aged 24) died at a motel...
Op-ed
Unfinished life of Samsung man and Hanwha man
In Samsung group, non-core subsidiaries are called...
Copyright 2008 donga.com. All rights reserved.
Contact newsroom@donga.com for more information.