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 He said on Monday that without any stimulus measures, the GDP could contract 8-9 per cent, which could push the unemployed to 2 million persons.

 "A plunge in exports alone could lead to minus 5 per cent contraction in GDP. The government's mission is to alleviate the situation and explain this fact to the public. And to solve the problems, we need cooperation from the private sector and the general public," he said.

 He said the government will be more thorough in completing the 2010 budget. While 80 per cent of the budget is for fixed expenses, the government must be thorough in allocating the remaining budget. He insisted that it is necessary to borrow to stimulate the economy, but the fiscal disciplines will be honoured.