S Korea tips fastest growth in 3 years

Muscat Daily - - BUSINESS -

South Korea said on Tues­day its econ­omy is set to grow at its fastest rate in three years in 2017, on the back of strong ex­ports and a US$10bn stim­u­lus pack­age aimed at cre­at­ing jobs and bol­ster­ing wel­fare.

The Fi­nance Min­istry raised its fore­cast, say­ing gross do­mes­tic prod­uct was ex­pected to ex­pand by three per cent - up 0.4 per­cent­age points from an ear­lier pro­jec­tion in De­cem­ber.

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