Moon calls on Cabinet to handle economic circumstances with strong determination
문 대통령 "우리 경제 기초체력 튼튼,... 엄중한 상황에 냉정하게 대처해야"
President Moon Jae-in says the nation’s economy stands strong despite the multiple external factors dragging on its growth.
Today called on his administration to execute policies at the right time to help get growth back up.
Shin Se-min reports.
President Moon Jae-in called on the members of his Cabinet to cope with the current economic circumstances with calmness all in the midst of looming external factors.
"Our economic circumstances aren't looking that great with the deepening trade conflict between the U.S. and China as well as Japan's retaliatory trade restrictions."
President Moon also ordered his administration to exercise vigilance and strong determination in the face of growing 'fake news' and groundless speculation that only adds to market uncertainties.
And he said the country still has firm economic fundamentals.
"As shown through global credit rating agencies' consistent assessment, our economic fundamentals are strong."
He cited a recent sovereign credit rating released by Fitch Ratings last week that kept South Korea at "AA-" with a stable outlook.
And he pointed out that Korea's rating was two notches higher than Japan's rating.
The president added that the domestic economy enjoys positive credibility on the back of its financial soundness resulting from a low government debt ratio.
The president said the government should be more determined to turn the challenges facing the nation into an opportunity to boost the economy and improve competitiveness.
He said the administration should execute government policies at the right time to help revitalize the nation’s economy.
Shin Se-min, Arirang News.
President Moon Jae-in says the nation’s economy stands strong despite the multiple external factors dragging on its growth.
Today called on his administration to execute policies at the right time to help get growth back up.
Shin Se-min reports.
President Moon Jae-in called on the members of his Cabinet to cope with the current economic circumstances with calmness all in the midst of looming external factors.
"Our economic circumstances aren't looking that great with the deepening trade conflict between the U.S. and China as well as Japan's retaliatory trade restrictions."
President Moon also ordered his administration to exercise vigilance and strong determination in the face of growing 'fake news' and groundless speculation that only adds to market uncertainties.
And he said the country still has firm economic fundamentals.
"As shown through global credit rating agencies' consistent assessment, our economic fundamentals are strong."
He cited a recent sovereign credit rating released by Fitch Ratings last week that kept South Korea at "AA-" with a stable outlook.
And he pointed out that Korea's rating was two notches higher than Japan's rating.
The president added that the domestic economy enjoys positive credibility on the back of its financial soundness resulting from a low government debt ratio.
The president said the government should be more determined to turn the challenges facing the nation into an opportunity to boost the economy and improve competitiveness.
He said the administration should execute government policies at the right time to help revitalize the nation’s economy.
Shin Se-min, Arirang News.