The Korea Times
Deputy finance ministers from Korea, China, Japan and the Association of Southeast Asian Nations (ASEAN) shared their assessments of the economic impact and government responses amid uncertainties stemming from the Middle East conflict, Seoul's finance ministry said Thursday. Their talks came during the ASEAN+3 Finance and Central Bank Deputies' Meeting, held virtually Wednesday, according to the Ministry of Finance and Economy. Korea was represented by Moon Ji-sung, deputy minister for international economic affairs. During the meeting, major economic organizations, such as the International Monetary Fund (IMF) and the Asian Development Bank (ADB), warned that the global economy faces significant downside risks due to rising geopolitical tensions in the Middle East. They also emphasized the need for swift, targeted fiscal support to address growing uncertainties and assist vulnerable groups, along with monetary policy responses and efforts to strengthen economic resilience. The participating countries shared such an assessment and exchanged views on the economic impact and their respect
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