Economy / South Korea
Macroeconomic Forecast South Korea
November 2004 | Macroeconomic ForecastsWe have downgraded our growth forecast for South Korea from 5.4% in 2004 to 4.6%, and from 6.1% in 2005 to 4.4%. The downgrade follows growing concern in the country over the impact of higher oil prices and a slowdown in China on the South Korean economy. South Korea is the world's fourth largest importer of oil, and so is especially vulnerable to higher crude oil prices.
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