Economy vise-premier, Jin-pyo Kim forecasts economy growth rate of 3% this year, if the government is successful with its economic performance.

Kim said The Bank of Korea and KDI expects a growth rate of 2.8-2.9% during the first half and 3.3% during the latter half of this year, and that this will add up to an annual growth rate of 3.1%, at the National Assembly.

He also added that although economic index of last June has climbed after 14 months since last year May, it is hard to say that the economy has recovered. The economy has been tamping since June and July.

Source from Yonhap News Agency, August 12