Economy / South Korea
Macroeconomic Forecast South Korea
September 2007 | Macroeconomic ForecastsBMI view: The South Korean economy expanded at a rate of 5.0% y-o-y in Q207, well in line with our forecast of full-year GDP growth of 4.7% in 2007. South Korean exports have held up well due to strong demand from key markets like China and the EU. Moreover, rising investment and improving consumer sentiment have lifted the prospects for domestic demand going forward. The repercussions of the US housing market slump and the effect of raised interest rates represent key downside risks to our forecast.
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