Lee says rebound in potential growth rates should lead to balanced growth
President Lee Jae Myung said Thursday that the recent rebound in the country's potential growth rates signals a recovery in the national economy's fundamentals and that the trend should help promote balanced growth of both large and small firms. The president made the remarks at a meeting with his senior aides, citing a recent International Monetary Fund (IMF) report projecting the country's…
President Lee Jae Myung addressed the nation on Thursday, expressing optimism about the country's economic prospects following a recent surge in potential growth rates. At a meeting with senior advisors, the president cited a report from the International Monetary Fund (IMF) predicting a 2.14 percent growth rate for this year and a projected 2.2 percent in 2027.
This marks the first consecutive annual increase in growth rates in nearly four decades, a development Lee deemed a positive sign that the foundation of the economy is strengthening.
President Lee highlighted the significance of this rebound in potential growth rates as a crucial indicator of the nation's economic health. He emphasized that this trend should be leveraged to foster sustainable, balanced growth across both large and small enterprises. To achieve this, the president advocated for strengthening the competitiveness of advanced industries, particularly artificial intelligence, while simultaneously bolstering financial and policy support for sectors experiencing slower recovery.
Lee stressed that the current upward trend in growth rates should serve as a catalyst for promoting a more equitable and resilient economic landscape, ensuring that the benefits of growth are shared across various segments of the economy.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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