Macroeconomic Forecast South Korea

March 2006 | Macroeconomic Forecasts

South Korea's economic growth will accelerate to 4.9% in 2006, up from 4% last year, as domestic demand gathers pace. However, as the won continues to appreciate, export competitiveness may be affected, and with higher oil prices driving up the import bill the trade surplus is expected to narrow. Higher oil prices will also push up inflationary pressures

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