South Korea’s battleplan to beat global recession fears in the face of soaring prices

We’re facing an economic war amid rapidly rising prices and stagnating economic growth. This dreaded combination known as stagflation is forcing policymakers to sharpen their weapons and decide where best to attack or defend. Notably, in the U.S., the Fed has this week decided on an aggressive 0.75-percentage-point interest rate hike in a bid to tame soaring inflation. So, what is South Korea’s battleplan?


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