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OECD Economic Outlook: Korea

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  • OECD Economic Outlook: Korea
  • OECD
  • Organization for Economic Cooperation and Development


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Title OECD Economic Outlook: Korea
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Material Type Reports
Author(English)

OECD

Publisher

[Paris, France] : Organization for Economic Cooperation and Development

Date 2008-06
Pages 9
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < General
Holding OECD
License

Abstract

After a slowdown in 2008, reflecting weaker external demand and soaring oil prices, output growth is projected to increase to 5% in 2009, thanks to a pick-up in both exports and domestic demand. While rising import prices have pushed inflation above the central bank’s target zone, slower growth in 2008 is likely to damp inflationary pressures.