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  • KDI Monthly Economic Trends 2018. 12
  • Date December 10, 2018
  • Language Korean/English
PDF Major Indicators
■ The Korean economy is gradually moderating as export growth slows amid stagnating domestic demand.

○ Domestic demand expanded temporarily due to the early Chuseok holidays but remained tepid overall.

- October’s retail sales and investment indicators rose higher or dropped less affected by the increased workdays.

- However, given the influence of temporary factors, the growth in retail sales is weak. Additionally, weakening consumer sentiment indicates mounting negative signals over private consumption.

- Investment also remains weak when temporary factors are removed.

○ Export growth showed a slightly moderating rise in November led by major export items such as semiconductors and petrochemical products.
 
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Office of Global Economy
Providing Economic Forecast and Macroeconomic Policy Direction, the Groundwork for a Brighter Future

The Department of Macroeconomics is conducting researches on the macro economy and macroeconomic policy, particularly focusing on suggesting the analysis of macroeconomic trends and current status of the economy at home and abroad, the economic forecast, and the policy direction of the macro economy. The Department is also in charge of establishing, sustaining and maintaining various econometric models, based on which it analyses policy effects and develops a long-term economic forecast.

Main Tasks
  • Economic trend analysis, short- and long-term forecast
  • Policy study on macroeconomic management
  • Basic structural analysis on macroeconomic areas
  • Maintenance of multi-sectoral dynamic macroeconomic model
Department of Macroeconomic Policy
  • LEE. Tae Suk

    Director, Division of Analysis and Evaluation

    82-044-550-4725
  • CHO, Byungkoo On leave

    Director and Vice President, Department of North Korean Economy

    82-044-550-4725
  • LEE, Jongkyu

    Fellow

    82-044-550-4725
  • WEE, Hyeseung Dispatched

    Research Associate

    82-044-550-4725
  • NAM, Jinwook On leave

    Specialist

    82-044-550-4725
  • KIM, Seulki

    Research Associate

    82-044-550-4725
  • CHUN, Eunkyung

    Research Associate

    82-044-550-4725
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