Future tapering of the U.S. quantitative easing (QE) would influence
the South Korean economy positively, a New York University economics
professor said Monday.
"QE tapering will be positive to Korea,"
Nouriel Roubini said in Seoul at a meeting with South Korean Finance
Minister Hyun Oh- seok, noting that the QE tapering would mean a
recovery of the U.S. economy, on which South Korea heavily depends for
trade, according to the Finance Ministry.
Interest rate hikes in the
U.S. would lead to strong U.S. dollar, having a positive impact on
exports, which account for around half of the South Korean economy, said
Roubini. In addition, Roubini also said that South Korea held a
positive position in terms of fiscal balance and sovereign debts,
assessing that the April supplementary budget was appropriate and
contributed to the country's recovery.
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
