• Fin Min Bahk Jae Wan said the global crisis to continue for a ‘considerable’ time
  • Korea, China and Japan may start free trade talks in Nov
  • S Korea’s economy bottomed in Q3
  • Urges speedy action in Europe

Korea has ruled out any additional stimulus. Looks like the world is waiting on Chinese stimulus and a resolution in Europe to spur growth in 2013. I’m skeptical.