The government said, "Korea's economy is continuing on a recovery track," offering a positive assessment for the fourth straight month.
The Ministry of Finance and Economy released on the 13th its "Green Book on recent economic trends for February," saying, "With improvements in domestic demand such as consumption and robust exports led by semiconductors, the recovery trend is continuing," and stated accordingly.
Previously, through October last year, the ministry assessed that the economy "was emerging from weakness in the first half." In November and December last year, it said the economy "had emerged from first-half weakness and recovered," and on Jan. it said the economy "was continuing in a recovery phase."
However, it cited uncertainties such as employment difficulties centered on vulnerable institutional sectors, the pace of recovery in construction investment, and the impact of U.S. tariff imposition as concerns. On the global economy, the ministry also said, "Due to the deterioration in the trade environment from major countries' tariff imposition and geopolitical uncertainties, volatility in international financial markets and energy prices is persisting, and a slowdown in trade and growth is a concern."
The ministry said, "To broaden the momentum of recovery, we will continue active macroeconomic policies and efforts to stimulate consumption, investment, and the export institutional sector," adding, "We will push ahead swiftly with an economic growth strategy to lift potential growth, achieve balanced growth for the people, overcome polarization, and strengthen the foundation for a great leap forward."