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  • KDI Monthly Economic Trends 2019. 6
  • Date June 10, 2019
  • Language Korean/English
PDF Major Indicators
    Major Economic Indicators

    Summary and Assessment

    Major Indicators of the Korean Economy

    1. Gross Domestic Product
     (at 2010 Constant Prices)

    2. Economic Activity

    3. Consumption

    4. Equipment Investment

    5. Construction Investment

    6-1. Exports, Imports and Terms of Trade

    6-2. Current Account and Financial Account

    7. Employment and Wage

    8. Price Indices

    9-1. Financial Market (I)

    9-2. Financial Market (II)

    10-1. Major Indicators of the World Economy (I)

    10-2. Major Indicators of the World Economy (II)
■ The Korean economy remains weak led by exports despite the slight increase in production.

○ Industrial production grew faster than last month influenced by the increase in workdays.

- April’s mining and manufacturing production showed a reduced decline led by semiconductors and automobiles and services production exhibited an increased growth driven by human health and social work activities.

- Yet, it is difficult to conclude that such an increase points to a steady upward trajectory in production given the increase in workdays.

○ Domestic demand is slowing and exports remain subdued, implying that overall economic activities continue to stagnate.

- Private consumption is slowing at a moderate pace as April’s retail sales growth scaled down.

- Facilities investment exhibited a somewhat reduced decline but the overall trend in investment, including construction, appears sluggish.

- May’s exports posted an increased decline led by semiconductors and petroleum products on the continued global slowdown.
 
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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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