A U.S. economist on Monday said the growth rate of Asia's fourth-largest economy is "pretty good" compared with other countries, ruling out the need for additional government stimulus measures.
"Korea is not growing at the rate it had enjoyed for a long period during the process it was converging into rich countries. But still, the recent growth of around 3-4 percent is pretty good in a world perspective," Professor Robert Barro of Harvard University told reporters on the sidelines of an annual conference hosted by the Bank of Korea.