SEOUL — South Korea’s real GDP, adjusted for inflation, grew 1.6 percent in the first quarter from the previous quarter, central bank data showed Tuesday.
The seasonally-adjusted real GDP continued to recover from an economic slump, caused by the COVID-19 pandemic, according to the Bank of Korea. (South Korea-GDP-Q1)
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WASHINGTON — U.S. President Joe Biden plans to raise capital gains taxes for households earning more than 1 million U.S. dollars a year as part of a plan to invest in American families, a top White House economic advisor said Monday.
“This change will only apply to three tenths of a percent of taxpayers, which is not the top 1 percent. It’s not even the top one half of 1 percent,” Brian Deese, director of the White House National Economic Council, said at a press briefing. (US-1 million U.S. dollars-American Families)
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TEHRAN — Iranian President Hassan Rouhani said on Monday that the economic war waged by the United States against Iran has failed.
“Today, with the resistance of the nation and in line with the guidelines of Iran’s supreme leader and the efforts made, the entire world and the United States itself confesses to the defeat in the economic war,” Rouhani told a group of economic agents and businessmen, cited by the semi-official Mehr news agency. (Iran-US-Rouhani)
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BRASILIA — Brazilian financial market analysts raised their economic growth forecast from 3.04 to 3.09 percent in 2021, according to the Central Bank of Brazil on Monday.
This is the first improvement in expected growth, after seven consecutive weeks of decline. (Brazil-Economic Growth Forecast-2021)
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