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Coffeeshop Chit Chat - Yes We Should Never Compare</TD><TD id=msgunetc noWrap align=right>
Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE cellSpacing=0 cellPadding=0 border=0><TBODY><TR class=msghead><TD class=msgF noWrap align=right width="1%">From: </TD><TD class=msgFname noWrap width="68%">mashichan <NOBR></NOBR> </TD><TD class=msgDate noWrap align=right width="30%">11:10 am </TD></TR><TR class=msghead><TD class=msgT noWrap align=right width="1%" height=20>To: </TD><TD class=msgTname noWrap width="68%">ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 4) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft width="1%" rowSpan=4> </TD><TD class=wintiny noWrap align=right>12129.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Yes we should never compare with any other country. We should always maintain that we are the best no matter what our senses tell us. As the first country in Asean to enter recesion, and without a projection on when we will get out of it, we still have the best people in the world in our ministries. They have to be the best because they are paid the highest salaries in the world. Doesn't matter if S Korea does not even bloody enter recession. They don't have the best in the world not like we do. After all, they are paid only a fraction of what our ministers are paid. But we must never compare!
Regardz.
http://news.bbc.co.uk/2/hi/business/8015918.stm
S Korea avoids entering recession
South Korea has narrowly avoided entering recession after its economy grew by 0.1% between January and March compared with the last quarter of 2008. The growth, which followed a 5.1% fall between October and December, came as the government started spending a $37bn (£25bn) economic stimulus plan.
The central bank has also moved to lift the economy through a series of interest rate cuts since October.
However, first quarter economic output was still 4.3% lower than a year ago.
<!-- E SF -->Construction spending - the key beneficiary of the government's stimulus action - rose at its fastest quarterly rate in 16 years between January and March. Domestic consumption also rose, while exports fell.
The South Korean economy was last in recession in 1998. A country is generally considered to be in recession following two consecutive quarters of economic contraction.
"The economy is in much better shape than feared earlier, and we may see a faster recovery than expected," said Kim Jae-eun, economist at Hana Daetoo Securities.
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Regardz.
http://news.bbc.co.uk/2/hi/business/8015918.stm
S Korea avoids entering recession
South Korea has narrowly avoided entering recession after its economy grew by 0.1% between January and March compared with the last quarter of 2008. The growth, which followed a 5.1% fall between October and December, came as the government started spending a $37bn (£25bn) economic stimulus plan.
The central bank has also moved to lift the economy through a series of interest rate cuts since October.
However, first quarter economic output was still 4.3% lower than a year ago.
<!-- E SF -->Construction spending - the key beneficiary of the government's stimulus action - rose at its fastest quarterly rate in 16 years between January and March. Domestic consumption also rose, while exports fell.
The South Korean economy was last in recession in 1998. A country is generally considered to be in recession following two consecutive quarters of economic contraction.
"The economy is in much better shape than feared earlier, and we may see a faster recovery than expected," said Kim Jae-eun, economist at Hana Daetoo Securities.
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