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S. Korean government announces stimulus package to revive the MERS-hit economy
韓國出臺措施復蘇受MERS重創經濟
South Korea announced a $13 billion US dollar stimulus package Thursday to revive the MERS-hit economy.
The government package includes a supplementary budget and a cut in the growth forecast. Finance Minister Choi Kyung-hwan says the MERS outbreak demanded immediate measures to combat weak growth.
Officials say the MERS outbreak was likely to shave nearly 0.3 percentage points off economic growth, but with the help of the supplementary budget, this year's expansion could reach 3.1 percent. Fresh data shows June consumer sentiment fell to a 2.5 year low.
