South Korea's finance ministry sees economy recovering but coronavirus a risk

A men wears a mask to protect himself against a new coronavirus at the Seoul Railway Station in Seoul, South Korea, February 10, 2020. REUTERS/Heo Ran

“Fixed prices of DRAM chips and expectations of a global economic recovery were seen rising, but there is a possibility of global economic growth, including China, and the recovery trend in economy being constrained depending on the development of coronavirus outbreak,” the ministry said in its monthly assessment of the economy.The Bank of Korea’s composite consumer sentiment index in January rose to 104.2 from 100.5 a month earlier, marking the highest reading since June 2019.

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