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Domestic demand still uncertain despite recovery trend amid virus resurgence: Greenbook
Updated: 2021-09-17 08:43:52 KST
The South Korean economy continues to face uncertainty over domestic demand for in-person services amid the fourth wave of the pandemic.
In its monthly economic assessment, the Finance Ministry painted a somewhat grim picture despite the country's robust exports and improving job market.
In August, the country's exports jumped almost 35 percent on-year and the job market added more than 500-thousand jobs from a year ago.
But, with the toughest distancing rules still being in place around the capital area, the consumer sentiment index dipped point-7 points in August to 1-hundred-2.5.
The government has pledged to boost the economic recovery through measures such as through handing out COVID-19 relief funds, while also monitoring inflation.
Reporter : smkim@arirang.com