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KDI Brief

KDI Economic Outlook 2018-2nd Half

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KDI Brief No.153 (November 08, 2018)

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KDI Economic Outlook 2018-2nd Half
2018/11/06  |  8 pages (Summary)

The growth rate for the Korean economy is forecast to post 2.6% in 2019, as export growth moderates and domestic demand stalls.
 
 
Despite slowing domestic demand, the headline CPI will maintain a mid-1% growth influenced by rising oil prices.
Employment growth is expected to improve only slightly due to demographic changes and industrial restructuring and the unemployment rate will remain similar to 2018.
2019 Economic Outlook
(YoY, %, $100 million)
2017 2018 2019
Annual 1H 2H Annual 1H 2H Annual

   GDP

3.1

2.8

2.5

2.7

2.5

2.6

2.6

   Total Consumption

2.8

3.7

3.0

3.3

3.3

3.6

3.5

   Total Fixed Investment

8.6

1.0

-4.6

-1.9

-1.7

-0.2

-1.0

   Total Exports (Volume)

1.9

3.2

5.1

4.2

4.0

3.4

3.7

   Total Imports (Volume)

7.0

3.1

1.2

2.2

2.2

2.8

2.5

   Current Account

785

297

377

674

335

378

713

   CPI Inflation

1.9

1.4

1.8

1.6

1.6

1.7

1.6

   Unemployment Rate

3.7

4.1

3.7

3.9

4.3

3.5

3.9

Read the Summary
※ Please visit the 「KDI Economic Outlook 2018-2nd Half」website and see more details. (The original report is written by Korean.)
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