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  • KDI Monthly Economic Trends 2019. 7
  • Date July 08, 2019
  • Language Korean/English
PDF Major Indicators
■ The Korean economy is exhibiting a slightly improved sluggishness in consumption but investment and exports have contracted, indicating that economic activities remain subdued.

○ Retail sales growth rose slightly but demand remains contracted as investments continue to stagnate and exports recede further.

- May’s retail sales rose higher on the rapid increase in foreign tourists, but investment in facilities and construction remained depressed led by semiconductors and housing, respectively.

- June’s exports (amount) declined sharply led by semiconductors and petroleum products.

○ On the production side, mining and manufacturing appears to have stalled despite the increased workdays while services remain in low growth.

- May’s mining and manufacturing production inched down led by oil refinery while services production gained only a little in most industries, excl. human health and social work activities, implying that overall production remains weak.

○ Meanwhile, the number of employed persons continues to rise at a fast pace owing to the government’s job creation projects.
Private Consumption and Fixed Investment(at 2010 Constant Prices)
Net Purchases by Foreign Investors
Banks Loans to the Corporate Sector
 
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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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