![]() ![]() The April figure is a notable example of stabilization, from last year's inflation, when consumer prices rose to as high as 6.3 percent before closing in December at 5.1 percent ― the highest level since 1998, when the Asian financial crisis occurred. Led by Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho, the team managed to keep inflation under control and bring it down to a 14-month low of just 3.7 percent in April following a steep rate hike. ![]() President Yoon Suk Yeol's economic policy team appears to have been somewhat successful in striking a balance between growth and inflation, a priority task set for it after Yoon took office a year ago, according to analysts. President Yoon Suk Yeol walks with Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho for the weekly Cabinet meeting at the presidential office in Seoul's Yongsan District, Tuesday. ![]()
0 Comments
Leave a Reply. |