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OECD economic outlook, volume 2008 issue 2 : Korea

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Title OECD economic outlook, volume 2008 issue 2
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Sub Title

Korea

Material Type Reports
Author(English)

OECD

Publisher

[Paris] : OECD

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

Abstract

Korea has been hard-hit by the global financial crisis and the earlier commodity price shock, which together ended the expansion and pushed up inflation. Sharp won depreciation since mid-September has further clouded the economic outlook. Growth is projected to fall to below 3% in 2009 and then pick up gradually as the world economy improves.