South Korea Pushes $40 Billion Stimulus Package

South Korea unveiled a $40 billion stimulus package Thursday as the finance minister warned of a risk of recession after Asia's fourth-largest economy grew at its slowest rate for more than a year in the second quarter. Citing sluggish domestic demand in the wake of a devastating ferry disaster in April, the finance ministry cut its forecast for economic expansion in 2014 to 3.7 from 4.1 percent. The finance ministry's plans included additional spending of 11.7 trillion won...

© La Voix de l'Amérique - mercredi 23 juillet 2014