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Start your day with a roundup of key stories from The Korea Herald with news and comment on all that’s happening in Korea.

US economy may not recover as fast as expected: BOK chief

Published : Sept. 20, 2011 - 09:18

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SEOUL, Sept. 20 (Yonhap) -- South Korea's top central banker said Tuesday that the U.S. economy may not recover as fast as expected because its real economic sectors have yet to rebound.

Bank of Korea (BOK) Gov. Kim Choong-soo said in a monthly meeting with experts that currently, the real economy and the financial system are closely intertwined and affect each other.

The governor said that the recovery of the U.S. economy may be slower than expected as its real economy has yet to show meaningful recovery.

His remarks came as the outlook for the global economy is growing dimmer, hit by a sputtering recovery of the U.S. economy and the eurozone debt crisis.

US economy may not recover as fast as expected: BOK chief

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