Economy / South Korea
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Worsening External Position
October 2006 | Economic OutlookSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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BMI View: South Korea's current account balance continues to deteriorate, and has been in negative territory for most of 2006. This has come on the back of a declining trade surplus, as won strength and persistent high oil prices have put pressure on the trade balance. BMI is forecasting a current account surplus of US$5.1bn in 2006 (equivalent to approximately 0.6% of estimated GDP), down sharply from the US$16.6bn (2.1% of GDP) recorded in