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Economy / South Korea

Macroeconomic Forecast DATA & FORECASTS

October 2007 | Macroeconomic Forecasts

BMI 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 an improving consumer sentiment have lifted the prospects for domestic demand going ahead. 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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