Macroeconomic Forecast South Korea

April 2006 | Macroeconomic Forecasts

We believe that inflation in South Korea will accelerate during the next six months, but not dangerously so. Inflation at the consumer level is likely to peak during the third quarter at an annual rate of around 3% as the economy experiences the final pass-through effects of last year's jump in global oil prices. For 2006 as a whole, we expect consumer-price inflation to average

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