[Breaking] Moon "Economic indicators recovering from June-July, now is the right time for economic rebound"

President Moon: "Korean Economy Shows Miraculous Resilience... Q3 Rebound Expected"
Q2 GDP -3.3%, Lowest in 22 Years... "Better Than Competitors" Optimism
"Various Economic Indicators Recovering from Q2 Low... Now Is the Right Time for a Rebound"

[Image source=Yonhap News]

[Asia Economy Reporter Ryu Jeong-min] President Moon Jae-in said on the 27th, "Amid the global economic depression, our economy recorded negative growth in the second quarter following the first quarter," but added, "Compared to the Organization for Economic Cooperation and Development (OECD) countries, which are experiencing a significant decline in growth, this was a miraculous defensive result."

President Moon made these remarks during a senior secretaries and aides meeting held at the Blue House in the afternoon, stating in his opening remarks, "The government expects that the economy will successfully rebound starting from the third quarter."

This content was produced with the assistance of AI translation services.