Wednesday, April 19, 2017

Korea's economic growth forecast this year KDI · IMF also raised



[Korea Selected financial newspaper reporters - and the domestic and international institutions, albeit slight upward revision to Korea's economic growth rate this year.

KDI has raised the 18th announcement, the first half of 2017 the economic outlook "from 0.2 to 2.4 percent proposed last December, the country's gross domestic product (GDP) growth forecast this year to 2.6 percent.

IMF was also slightly modified in the same day (local time), released by the World Economic Outlook (WEO) this year, 2.7% of Korea's economic growth forecast from the original 2.6%.

Also two months ahead of foreign investment banks (IB), the Bank of Korea has raised the bar modest growth forecast for Korea this year.

International Financial Center has raised 0.1 percentage points more than two months ago of 2.4% as a result of 2.5% growth forecast this year to embellish the average of the month 10 overseas IB.

The Bank of Korea also took 0.1 percentage points higher than three months our economic growth forecast this year to 2.6% last week. In particular, it was only three years since it BOK raised the growth forecast for 2014 in the last four months.

In the private Korea Economic Institute in March of this year growth forecast it was raised 0.4 percentage points higher than in December (2.1%) last year to 2.5%, a relatively large width.

Government (Planning and Finance) degree is scheduled rate adjustments in the second half of the economic outlook in June.

The Ministry of Strategy and Finance recently in "April Green Book 'is while exports increase resulted improve the flow of production and investment', saying 'poor form also appears the signs of recovery in the economy, such as rebounding consumer who" called bar released a positive diagnosis is.

But it also comes gyeonggyegam for premature optimism.

Back slightly in the last 13 days have raised the growth rate this year, the Bank of Korea governor Lee Ju-yeol at the press briefing, stressed that "although the economic recovery in the short term, showing the mid- to long-term is still uncertainty.

FTSE KDI also the economic outlook from "the US trade policy, lower, such as China's over-investment problem, the risk factors are expected to constrain the recovery in the world economy, it said" protectionism spread one in particular around the United States with high external dependence He predicted to have a small negative impact is not expected in our economy. "

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