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Outlook of major industries for 2007 : cover story

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Frame of Image verall recovery of the domestic economy and consistent increase of exports. The increase of domestic demand is forecasted to remain at a minimal level through the first half of 2007, because of the domestic economic slowdown and continued lower consumer sentiment. Nevertheless, the recovery of the domestic economy, slow recovery of the construction market, and continued boom in facility investment will contribute to a demand comeback starting in the second half of the year. The growth of exports by the ten major industries is expected to decelerate in 2007, however, growth is still likely to be 9.4%, in line with anticipated foreign exchange and international oil price stabilization and high value-added export expansion promoted by major industries. Even though the growth level of imports by the ten major industries is likely to slow down in 2007, growth will still reach a level of 9.8% amid substantial growth in domestic demand, drops in import unit prices following a small Won appreciation, and increase in the re-import of goods manufactured abroad.
1. Trends in 2006
(1) Production Boom in Major Industries following Domestic Demand and Export Recovery Production by major industries, which had recorded minimal growth in 2005, has achieved high growth in 2006 on the back of export growth and stable domestic demand increase. Production in the semiconductor industry recorded the highest growth of 17.9%, and the shipbuilding, general machinery, and home appliances industries clo


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Title Outlook of major industries for 2007
Similar Titles
Sub Title

cover story

Material Type Reports
Author(English)

Leading Industries Division

Publisher

[Seoul]:Korea Institute for Industrial Economics & Trade

Date 2007
Journal Title; Vol./Issue KIET Industrial Economic Review:vol. 12; no.1
Pages 16
Frequency Bimonthly
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < General
Holding KDI School of Public Policy and Management

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