The government released this month's monthly economic report and raised the overall economic judgment for the first time in four months, saying that there is a movement to pick up personal consumption due to the cancellation of priority measures such as prevention of spread.
Regarding the outlook, "it is necessary to pay close attention to the downside risk due to rising raw material prices."
The government compiled this month's monthly economic report at a meeting of relevant ministers on the 21st.
According to this, regarding the economy as a whole, from last month's judgment that "the movement of recovery is continuing, but some weaknesses are seen", this month "movement of recovery while the severe situation due to the new corona is eased" Can be seen. "
It is the first time in four months since December last year that the decision has been raised.
The biggest factor is "individual consumption", and since the cancellation of priority measures such as prevention of spread has improved consumption such as eating out and traveling, we raised the judgment that "there is a movement to pick up recently".
Regarding "public investment," he said that the supplementary budget for last year was being executed, and raised the judgment that "it has been a steady move recently."
On the other hand, regarding the outlook for the economy, "while uncertainty is being seen due to the situation in Ukraine, it is necessary to pay close attention to downside risks due to rising raw material prices, fluctuations in financial and capital markets, and supply constraints." As a result, we are wary of the impact of high prices on personal consumption and corporate profits.Keywords: