S Korean FM upbeat on global economy
Tuesday, 13 July 2010
SEOUL, July 12 (AFP): The global economy will likely avoid sliding back into crisis despite Europe's debt problems and uncertainty over the US and Chinese economies, South Korea's finance minister said yesterday.
"The global recovery... now stays on its upward cycle and I believe that it will not likely face a double dip down the road," Yoon Jeung-Hyun told Yonhap news agency.
Financial policymakers and central bankers will gather Monday for a two- day conference co-hosted by the International Monetary Fund and South Korea in Daejeon, south of capital Seoul.
The agenda will include discussions on the future of Asia- Pacific economies and their role in preparing for the post-crisis era.
Yoon said the momentum of recovery could be undercut by Europe's debt problems and uncertainties over recovery in the US and Chinese economies.
"The global recovery... now stays on its upward cycle and I believe that it will not likely face a double dip down the road," Yoon Jeung-Hyun told Yonhap news agency.
Financial policymakers and central bankers will gather Monday for a two- day conference co-hosted by the International Monetary Fund and South Korea in Daejeon, south of capital Seoul.
The agenda will include discussions on the future of Asia- Pacific economies and their role in preparing for the post-crisis era.
Yoon said the momentum of recovery could be undercut by Europe's debt problems and uncertainties over recovery in the US and Chinese economies.