(MENAFN) As a solid proof for revival from the Middle East Respiratory Syndrome (MERS) outbreak, confidence among South Korean consumers over the economy improved for three months in a row.
Through the high of the MERS contagion, consumers ceased from outside activities, such as entertainment and social gatherings, and even from going for shopping, and all because of infection fears.
The finance ministry announced a stimulus package worth nearly USD19 billion for the second half, plus the Bank of Korea has cut its policy rate by 25 points in June to prop up the shaky sentiment within consumers.
However, Inflation forecasts among consumers over the next 12 months registered 2.5 percent in this month, unchanged from August, based on data released from the Bank of Korea (BOK).
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