콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy General

Print

Executive summary - OECD Economic Surveys: Korea 2012

Related Document
Frame of Image
  • Executive summary - OECD Economic Surveys: Korea 2012
  • OECD
  • Organization for Economic Cooperation and Development (OECD)


link
Title Executive summary - OECD Economic Surveys: Korea 2012
Similar Titles
Material Type Others
Author(English)

OECD

Publisher

Organization for Economic Cooperation and Development (OECD)

Date 2012
Language English
File Type Link
Subject Economy < General

Abstract

Despite the recent slowdown in world trade, Korea is projected to sustain growth of around 3½ per cent during 2012. Given future spending pressures, fiscal policy should target a balanced budget (excluding the social security surplus). However, if the global economy were to experience a serious downturn, Korea has scope to respond with fiscal stimulus, given its strong fiscal position, and monetary policy easing. Looking further ahead, Korea faces two key challenges...