S Korean president orders all measures to minimize MERS impact on economy
Updated: 2015-06-09 15:32
(Xinhua)
|
|||||||||||
SEOUL -- South Korean President Park Geun-hye ordered government officials Tuesday to take all measures to minimize the negative impact of the Middle East Respiratory Syndrome (MERS) on the economy.
Park said at a cabinet meeting that the MERS crisis should not act as a factor to contract the economy, calling for people to participate in economic activity without too much worries as the viral disease is controllable.
The MERS infection cases surged to 95 Tuesday since the first case was reported on May 20. People have refrained from outside activities for fear of the MERS contagion, and some tourists, especially from China, have cancelled their travel plan to the country.
It has boosted concerns that the already lackluster economy may slow down further due to the negative impact from the viral disease.
Exports, which account for about half of the economy, showed an accelerating downward trend this year from a 0.9 percent fall in January to declines of 3.3 percent in February, 4.3 percent in March, 8.1 percent in April and 10.9 percent in May each.
Production in all industries fell for two straight months, and the headline inflation stayed at a zero-percent level for six straight months. Major discount chains and department stores have shown negative signs in sales since the MERS crisis broke out.
Park said that if these situations go on, economic conditions of ordinary people, including the self-employed, will be worrying to become harder, instructing officials to take "all proactive measures" to minimize the negative impact of the MERS on the economy.
Related Stories
South Korea reports 8 more MERS cases and seventh death 2015-06-09 09:24
Hong Kong raises MERS response level 2015-06-08 17:33
WHO, S.Korea to conduct joint probe into MERS spread 2015-06-08 15:56
Tracing source of MERS infection is crucial: HK microbiologist 2015-06-08 13:24
1st teenager MERS infection reported in S. Korea 2015-06-08 13:58
S.Korea reports jump in MERS infections, sixth patient dies 2015-06-08 09:39
Today's Top News
Beijing ready to make its pitch in front of IOC
China National Day at Milan Expo ignites interest in China
India, Britain to hold joint military exercise
China's greenhouse gas emissions to peak years ahead of goal
Wang calls for deeper China-Italy cooperation
Rescuers right ship to speed up recovery
VW says China OKs bigger stake in venture with FAW
60% of Chinese youth OK with premarital sex: survey
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Premier Li embarks on Latin America visit |
What do we know about AIIB |
Full coverage of Boao Forum for Asia |
Annual legislative and political advisory sessions |
Festival Special: Apps that make holiday shopping easier |
Listed firms caught in anti-corruption net |