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Posted by Monitor on June 25, 2009, 12:44 pm
S.Korea economy may lose steam without domestic demand
SEOUL, June 24 (Reuters) - South Korea's finance minister said on
Wednesday that recovery momentum for the nation's economy could weaken
in the second half unless domestic demand revives.
"Still, I don't see signs of a self-driven recovery in private
consumption and corporate investment and without them, the recovery
momentum may weaken in the second half," Finance Minister Yoon Jeung-
hyun said before a weekly meeting with ministers.
His comment came a day before the ministry is set to disclose its
economic policy direction for the second half. (Reporting by Seo Eun-
kyung; Editing by Ken Wills)
http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSSEO15541520090623
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