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KDI Economic Outlook 2018-1st Half

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KDI Brief No.134 (June 04, 2018)

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KDI Economic Outlook 2018-1st Half
2018/ 05/ 31  |  10 pages (Summary)

The growth rate for the Korean economy is forecast to post 2.9% and 2.7% in 2018 and 2019, respectively, as exports continue the upward trend while domestic demand slackens.
 
 
Despite the slowing growth in domestic demand, the CPI will increase to a mid- to high 1% mainly due to rising oil prices.
Employment growth is expected to retreat from last year influenced by demographic changes and industrial restructuring but the unemployment rate will remain similar.
2018-2019 Economic Outlook
(YoY, %, $100 million)
2016 2017 2018 2019
Yearly Yearly 1H 2H Yearly Yearly

   GDP

2.9

3.1

2.9

2.8

2.9

2.7

   Total Consumption

3.0

2.8

3.6

2.9

3.2

3.0

   Total Fixed Investment

5.6

8.6

2.8

0.5

1.6

-0.4

   Total Exports (Volume)

2.6

1.9

3.4

4.1

3.8

3.5

   Total Imports (Volume)

4.7

7.0

4.3

2.8

3.6

2.6

   Current Account

992

785

297

372

669

726

   CPI Inflation

1.0

1.9

1.5

1.8

1.7

1.6

   Unemployment Rate

3.7

3.7

4.1

3.3

3.7

3.7

Read the Summary
※ Please visit the 「KDI Economic Outlook 2018-1st Half」website and see more details. (The original report is written by Korean.)
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