Economy / South Korea
Macroeconomic Forecast South Korea
January 2006 | Macroeconomic ForecastsSouth Korea’s economic growth will accelerate in 2006 amid a recovery in domestic demand and strengthening exports. We expect GDP to grow by 4.9% this year, after an estimated 3.8% rise in 2005. The won is expected to continue appreciating, and while this may hamper export demand, it will also help to constrain inflationary pressures. However, sustained high oil prices could present a downside risk to growth.
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