Downside risks remain amid recovery signs: finance minister

SEOUL, Aug. 12 (Yonhap) -- The global economy is showing signs of a pickup, led
by advanced nations but downside risks linger, weighing on South Korea's
export-driven economy, Seoul's top economic policymaker said Wednesday.

"Recently stock markets in advanced nations such as the U.S. and Japan are
gaining ground and the pace of the economic downturn seems to be easing," Finance
Minister Yoon Jeung-hyun told a weekly crisis management meeting.
"But it is still true there are uncertainties over the recovery of the U.S.
economy down the road. We are required to cope with such global economic
conditions through close market monitoring." he added.
kokobj@yna.co.kr
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